India’s National Company Law Appellate Tribunal asked the country’s competition watchdog to investigate Walmart-owned Flipkart for alleged unfair business practices through misuse of its dominant position. That overturned a 2018 ruling by the Competition Commission (CCI).
“We set aside the order passed by CCI,” said the three-member bench led by Justice SJ Mukhopadhaya. The regulator “is directed to initiate probe against Flipkart.” The CCI should direct the director general of its investigative unit to look into the allegations, the tribunal stated.
The All India Online Vendors Association (AIOVA) had approached the CCI in May 2018, alleging abuse of market dominance by ecommerce marketplace Flipkart Internet Pvt Ltd and Flipkart India Pvt Ltd, which is engaged in the wholesale trading and distribution of books, mobiles, computers and related accessories.
“We understand that the NCLAT has issued an order in relation to the AIOVA appeal. We are currently awaiting a copy of the order,” said a Flipkart spokesperson.
Full Content: Economic Times
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