INSUBCONTINENT EXCLUSIVE:
country will appeal against Competition Commission of India's (CCI) ruling in favour of Walmart-owned Flipkart, group's lawyer Chanakya Basa
said in a release on Saturday.All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained
that Flipkart was using its dominant position to favour select sellers
The fair trade regulator had rejected this argument in November.The CCI had said Flipkart as well as Amazon did not break regulations
through their selection of merchants and brands.The AIOVA will appeal to National Company Law Appellate Tribunal on Monday against CCI
decision, Mr Basa told Reuters."We firmly believe we have filed adequate information to prove existence of a prima-facie case which hon'ble
Commission has failed to take into account
Hence, we are filing this appeal," he said in a statement.The AIOVA has also brought a similar case against Amazon, alleging it favours
merchants that it partly owns, such as Cloudtail and Appario.India has a burgeoning e-commerce market, with almost 500 million individuals
The market is tipped to grow to $200 billion in a decade, according to Morgan Stanley.
