An Indian court has turned down appeals by Amazon and Walmart-owned Flipkart to call off an antitrust investigation into their business practices in the country.
“By no stretch of the imagination can an inquiry be quashed at this stage. …The appeals are devoid of merit, and deserve to be dismissed,” the High Court in the southern Karnataka state said on Friday, adding that it saw the appeals as mere attempts to stall the court’s decision.The Competition Commission of India (CCI) launched an official inquiry last year into the practices of both US firms, following allegations from brick-and-mortar retailers …
