SC stays NCLAT order for CCI probe against Flipkart

New Delhi: The Supreme Court on Wednesday stayed a National Company Law Appellate Tribunal order that had asked the Competition Commission to probe afresh charges of predatory pricing levelled against ecommerce company Flipkart India.

“This will jeopardise their business interests,” a three-judge bench led by Chief Justice of India SA Bobde said, staying the March 4 NCLAT order. The bench issued notices to the CCI and the All India Online Vendors Association to formally place their submissions on the issues involved.

Flipkart’s case was argued by senior advocate Harish Salve, who said NCLAT could not have ordered a probe into alleged predatory pricing after CCI ruled that the company did not have a dominant position in the market.