BCCL - Non CopyrightBENGALURU: Amazon on Monday filed a petition in the Karnataka High Court to “quash” the investigation ordered by India’s competition watchdog into alleged malpractices by the online marketplace.The American company also sought an interim stay on the probe ordered by Competition Commission of India (CCI) last month while its petition is heard by the court.
In its submission, Amazon claimed that CCI’s order would cause irreparable damage and loss to its goodwill.In response to ET’s emailed query on the matter, a representative for Amazon declined to comment citing the matter to be sub judice.
Amazon in its petition asked the high court to direct the “quashing and setting aside the Impugned Order dated January 13, 2020… passed by the Competition Commission of India.”An Amazon spokesperson at the time had told ET that the company was confident in its compliance and would cooperate fully with CCI’s probe.In the first week of January, CCI released the findings of a market study that it had conducted where it cited a lack of transparency in the functioning of marketplaces.
This was leading to deep mistrust between the marketplace and vendors on these platforms, CCI said.
The move led to Amazon divesting its stake in the parent companies of Cloudtail and Appario, two of the largest sellers on its platform, when the rules came into effect on February 1, 2019.At the time, Amazon had told investors in one of its quarterly results briefings that disruptions in supply caused by change in regulations in India had not affected its sales. | To read full story, visit https://startuparound.com/read/1581409804.9868293/Amazon-moves-High-Court-to-get-CCI-probe-quashed?ref=audio_experience