CCI Finds Flipkart & Amazon India Guilty Of Flouting Antitrust Rules

• The Competition Commission of India (CCI) found Amazon India and Flipkart guilty of violating competition laws by favoring select sellers on their platforms.
• Both companies will have the opportunity to review the report and file objections before fines are decided.
• The CCI's investigation, initiated in 2020, revealed that preferred sellers received advantages such as better listings and deep discounts.
• The watchdog noted that these practices had a catastrophic impact on market competition, especially in the mobile phone segment.
• This development follows multiple legal challenges and a Supreme Court ruling allowing the investigation to proceed.

Source: Inc42