It seems trouble for e-commerce entities in India is not going to abate soon. The two major foreign owned Indian e-commerce entities suffered a big blow when last week the High Court of Karnataka dismissed their plea to stop the Competition Commission of India’s (CCI) probe. The CCI wants to investigate these entities for their alleged violation of competition law of India. The allegations are that these entities favour few selected and preferred sellers on their e-commerce platform which benefits them hugely but to the disadvantage of corner stores and small retailers. CCI believes this is unfair and anti-competitive and must be probed further.
The court’s verdict paves way for CCI to continue with its probe. It seems the giant e-commerce entities haven’t hung up their boots yet. They have both challenged this court order with the division bench of the court. The ball has been put back into the court’s court.
Please click here to read the full article by Lalit Kumar published in Gadgets 360.
Lalit is a Corporate, M&A and Private Equity lawyer with over twenty years of experience.