New Delhi, Feb. 4 -- The Supreme Court on Tuesday set aside a 2020 order of the National Company Law Appellate Tribunal (NCLAT) directing an investigation by the Director General into alleged violations of the Competition Act by Flipkart, and remanded the matter to the NCLAT for fresh consideration.
The Court accepted Flipkart's contention that the NCLAT had relied on observations made by an Assessing Officer in income tax proceedings, which were subsequently set aside by the Income Tax Appellate Tribunal (ITAT).
Clarifying that all issues have been kept open, the Supreme Court requested the NCLAT to decide the appeal afresh in accordance with settled legal principles.
A Bench comprising Chief Justice of India Surya Kant, Justice Joymaly...