financetom
Business
financetom
/
Business
/
India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
Dec 9, 2024 1:02 AM

By Aditya Kalra

NEW DELHI (Reuters) - India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon ( AMZN ) and Walmart's ( WMT ) Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe.

In a filing on Dec. 3, reviewed by Reuters and not released publicly, the Competition Commission of India asked the court to hear 23 challenges, filed by Samsung, Vivo, and several vendors on the Amazon ( AMZN ) and Flipkart platforms, to enable the case to be decided quickly.

Amazon ( AMZN ) declined to comment, while Flipkart, Samsung, Vivo and the competition commission did not respond to requests for comment.

The investigation is a major regulatory challenge for Amazon ( AMZN ) and Flipkart in a market where e-commerce sales are set to exceed $160 billion by 2028, up from $57 billion to $60 billion in 2023.

The commission's investigation unit concluded in August that Amazon ( AMZN ) and Flipkart breached India's antitrust laws by favouring selected sellers on their websites. It also found that smartphone companies such as Samsung and Vivo broke those laws by colluding with the two e-commerce companies to exclusively launch products online.

Since the findings, almost two dozen lawsuits across five Indian high courts have been filed by some Amazon ( AMZN ) and Flipkart vendors, as well as by Samsung and Vivo, to block the investigation as they want to "debilitate and scuttle" the process, the commission said.

The separate lawsuits, if allowed, "will lead to absurdity since it will interfere with the flexibility of the (commission's) Director General to carry out investigation in any matter."

Amazon ( AMZN ) and Flipkart have faced criticism from smaller retailers for years over their business practices, saying they have suffered due to deep discounts and preferential treatment meted out by the platforms.

Amazon ( AMZN ) and Flipkart deny any wrongdoing.

A Reuters investigation in 2021, based on Amazon ( AMZN ) internal documents, found the company gave preferential treatment for years to a small group of sellers and used them to bypass Indian laws.

The current commission investigation started back in 2020 but has faced many delays.

Most of the 23 lawsuits filed across India in the latest challenge to the case accuse the commission of not following due process during its investigation.

The commission's filing asking for the 23 cases to be transferred to the Supreme Court is likely to be heard this week, a lawyer familiar with the proceedings said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved