Thu, 18 Jul 2019

New Delhi (India) Mar 18 (ANI): The Delhi High Court on Monday disposed of a petition alleging violations of foreign direct investment (FDI) norms by e-commerce giants Flipkart and Amazon.

A division bench headed by Delhi Chief Justice Rajendra Menon was hearing a plea filed by NGO Telecom Watchdog demanding probe into Amazon India, and Flipkart allegedly violating FDI norms.

The bench disposed of the petition after the Enforcement Directorate informed the court that a probe in this regard is still going on.

The plea further alleged that Amazon India and Flipkart allegedly routed hot-selling stocks through multiple entities.

"Popular products were routed at cheap prices using proxies. While Cloud tail single is the largest seller on Amazon India, WS Retail is the single largest seller on Flipkart," the plea reads.

The petition also alleged that these companies have endangered the survival of brick-and-mortar stores. (ANI)

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