Sunday, September 26, 2021

CCI should immediately begin probe against Amazon & Flipkart: CAIT

Jamshedpur, July 23: “Now, after the judgement of the Karnataka Double Bench High Court today dismissing the petition of Amazon & Flipkart for granting a stay on an investigation by the Competition Commission of India (CCI) against Amazon and Flipkart e-commerce business model in India, the Confederation of All India Traders (CAIT) has welcomed the Court order delivered today. ” It fully vindicates the stand of CAIT that Amazon and Flipkart business model is entirely based on violating the FDI policy, rules and other laws, mischievous business practices, therefore,  without wasting any more time, the CCI should immediately begin its probe, said Praveen Khandelwal, Secretary General and National Secretary Suresh Sonthalia  of the Confederation of All India Traders (CAIT).
CCI finds a prima facie case for investigation against Amazon and Flipkart for violating competition law and distorting the level playing field in Jan 2020. Amazon and Flipkart approached the Karnataka High Court in Feb 2020 and obtained a stay on the probe. The CCI approached the Supreme Court and Hon’ble Supreme Court directed the Karnataka High Court to hear the matter. Thereafter the matter was heard for nearly 40 days by Hon’ble Single Judge Bench of Karnataka High Court quashing plea of Amazon & Flipkart which was challenged by both e- tailers in Double Bench of Karnataka High Court and order was reserved, which was pronounced today.
Khandelwal and Sonthalia while welcoming the Court order said that with the pronouncement of judgement there is no bar for conducting investigations into business model of Amazon and Flipkart and therefore, the CCI should immediately take necessary steps to investigate Amazon and Flipkart business practices and their business model in India , through which they are continuing with mal-practices and dodging the law, rules and policies of the Country. Further, it is for both the Central and State Governments to bring to the books, the people who are continuously violating the law and the rules and speedy actions should be immediately taken against Amazon, Flipkart and others.

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