India top court says antitrust probe of Amazon, Walmart’s Flipkart should continue By Reuters

© Reuters. FILE PHOTO: Small toy shopping cart is seen in front of displayed Amazon and Flipkart logos in this picture illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration/File photo

NEW DELHI (Reuters) – India’s Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc (NASDAQ:) and Walmart (NYSE:)’s Flipkart must continue, rejecting demands of the two e-commerce giants to put them on hold.

The Competition Commission of India ordered the investigation in 2020 against the companies for allegedly promoting select sellers on their e-commerce platforms and using business practices that stifle competition. The companies deny any wrongdoing and have repeatedly tried to mount legal challenges against the investigation.

The three-judge Supreme Court bench said companies like Amazon and Flipkart should volunteer for such investigations.

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