New Delhi Aug 9(ILNS): The Supreme Court, today, refused to stay inquiry against big e-commerce giants like Amazon and Flipkart by the Anti-Competitive Commission for alleged Competition Law Violations while stating that “Big Corporates like Amazon and Flipkart should be subject to transparency and inquiry.”
The Bench comprising of Chief Justice N.V. Ramana and also Justice Vineet Saran, and Justice Surya Kant, granted four more weeks to e-commerce giants to comply with the order for joining the investigation.
Earlier on July 23 this year, the High Court of Karnataka has upheld the Competition Commission of India’s decision to conduct an investigation through its Director-General into whether they had entered into anti-competitive agreements in violation of the provisions of the Competition Act 2002.
Observing that the inquiry initiated by the CCI cannot be crushed at the initial stage, the division bench has described the approach of both the e-commerce majors as ‘an attempt to ensure that the inquiry does not attain finality.
Earlier the division bench Karnataka High Court comprising Justice Satish Chandra Sharma and Justice Nataraj Rangaswamy delivered the verdict while upholding the June 11 verdict of a single judge bench, which had upheld the CCI’s decision. Amazon and Flipkart had appealed against the single-judge bench’s order.
The CCI had acted on a complaint by Delhi Vyapar Mahasangh (DVM), which had alleged that Amazon and Flipkart were giving preference to select sellers and offering deep discounts after entering into anti-competitive agreements.ILNS/AV/SNG