Flipkart probe: E-vendor group files caveat in SC

Soon after acquiring 77% stake in Flipkart in 2018, Walmart had also filed caveats in the Delhi HC against the RSS-affiliate SJM and CAIT, entities which had opposed the acquisition of the homegrown e-tailer by the US brick-and-mortar retailer.

AFP
The move by AIOVA, the group representing small e-vendors, comes in anticipation of Flipkart challenging the NCLAT order in the SC. has reviewed the filing.
BENGALURU: Following the National Company Law Appellate Tribunal (NCLAT) order last week to begin a probe into Flipkart for abuse of its dominant position, the All India Online Vendors Association (AIOVA) has filed a caveat in the Supreme Court against the Walmart-owned e-tailer. The move by AIOVA, the group representing small e-vendors, comes in anticipation of Flipkart challenging the NCLAT order in the SC. has reviewed the filing.

A caveat is a notice submitted in anticipation by a person or an entity, informing the court that another person or entity may file a lawsuit or application against them and that the court should give the caveator (the person who has filed the caveat) a fair hearing before deciding on the matter brought in front of the court.

Interestingly, soon after acquiring 77% stake in Flipkart in 2018, Walmart had also filed caveats in the Delhi HC against the RSS-affiliate Swadeshi Jagran Manch (SJM) and Confederation of All India Traders (CAIT), entities which had opposed the acquisition of the homegrown e-tailer by the US brick-and-mortar retailer.


An AIOVA spokesperson confirmed it filed the caveat on Saturday. Flipkart did not respond to a query emailed by TOI.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Small Biz › SME Sector › Flipkart probe: E-vendor group files caveat in SC
Text Size:AAA
Success
This article has been saved

*

+