New Delhi : Traders’ body CAIT has filed a petition in National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India’s decision to approve Walmart-Flipkart deal.
The Confederation of All India Traders (CAIT) said, the body has prayed for reversing the order of CCI as no opportunity of hearing was given to them. CCI on August 8 approved Walmart’s acquisition of Flipkart.
“It was alleged that the proposed combination would lead to a huge degree of vertical integration since Walmart is a global giant with its own range of multi-brand products and where the B2B market is concerned, there is a high likelihood of Flipkart and Walmart would affect other wholesalers on the platform,” it said.
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