US firms fail to stall an antitrust investigation into their business practices
An Amazon Prime van is show in Seattle, Washington, US, in this June 27 2018 file photo. Picture: REUTERS/LINDSEY WASSONAn Indian court on Friday dismissed appeals by Amazon.com and Walmart’s Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the US companies in a key market.
“By no stretch of imagination can the inquiry be quashed at this stage. The appeals are nothing but an attempt to ensure that action initiated by the CCI ... does not attain finality,” a two-judge bench said while reading the decision in court. “The appeals are devoid of merit, and deserve to be dismissed.”
Abir Roy of Sarvada Legal, which filed the antitrust case against Amazon and Flipkart on behalf of a trader group, said the court’s decision “further reinforces that the CCI investigation should continue promptly.”
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