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CAIT moves NCLAT against CCI nod for Walmart-Flipkart deal

Wednesday, August 29, 2018, 3:37 PM

Traders' body CAIT has filed a petition in National Company Law Appellate Tribunal (NCLAT) over Competition Commission of India's (CCI) approval of Flipkart-Walmart deal. The petition mentioned that CCI in its order ignored the 'predatory' activities carried out by both Flipkart and Walmart in the past. CAIT further argued that the deal will affect other wholesalers on the platform.

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