Finance & Economy | News & Insights

After Amazon Walmart’s filpkart changllenge India antitrust probe

Published: May 6, 2020
Author: TEXTILE VALUE CHAIN

New Delhi: Walmart’s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants, but a state court put the investigation on hold last week following a challenge by Amazon.Flipkart’s legal filing was aimed at signalling the company is aggrieved by the CCI’s probe order, a person familiar with the matter said.The filing comes days ahead of US President Donald Trump’s visit to India, and amid US concerns about India’s tightening of foreign investment rules for the ecommerce sector.In its February 18 court filing in Bengaluru, which is not public, Flipkart argues the CCI ordered its probe without initial evidence that the company’s practices were harming competition

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