CCI Urges Supreme Court to Consolidate Antitrust Cases Against Amazon and Flipkart

#Competition Commission#Big Tech Regulation#Tech Innovations#Digital Competition Bill#Amazon#Competition Commission of India#Flipkart

1008+ Words Refined into 7 Facts by AI • 3 sources • 9h ago

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The Competition Commission of India (CCI) urged the Supreme Court to consolidate cases against Amazon and Flipkart.
CCI claims e-tailers' cases aim to 'scuttle the investigation' initiated in 2019.
Ongoing high court proceedings are hindering CCI's investigation crucial for the public.
CCI argues legal issues can be addressed directly before the commission.
Amazon and Flipkart have not commented on the CCI's petition.
CCI warns that limiting inquiry could undermine the effectiveness of the Competition Act.
Potential penalties for violations could reach 10% of global annual turnover.

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Related Update: 9 hours later

Parliamentary Committee Reviews Digital Competition Bill

1308+ Words Refined into 8 Facts by AI • 1 source • 0m ago

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The Parliamentary Standing Committee on Finance is reviewing CCI's role.
The Digital Competition Bill aims to empower CCI with preemptive powers.
Bill addresses monopolistic practices to ensure fair competition.
Regulatory focus on gatekeeper platforms controlling digital infrastructure.
India's approach aligns with the EU’s Digital Markets Act.
CCI's mandate shifts from reactive to preventive with the new bill.
Industry experts show cautious optimism about the regulations.
Examination outcomes could redefine digital market rules.

The sources of this update are listed below. Click to view.