An antitrust investigation into e-commerce firm Flipkart Group, in which Walmart Inc. holds a majority stake, can proceed, India's Supreme Court said Monday.
Amazon.com is also included in the Competition Commission of India's investigation. The commission's order that opened the inquiry in January 2020 said it would focus on claims that the companies give preferential treatment and deep discounts to select sellers.
Flipkart and Amazon petitioned a state court to end the investigation, but the court dismissed those petitions in June. The companies appealed that decision to the Supreme Court, which on Monday upheld the lower court's ruling.
In Monday's filing, the court said it "saw no reason to interfere." They also gave Flipkart and Amazon four more weeks to supply the commission with requested information.
The companies have denied wrongdoing.
Flipkart, Amazon and other online retailers are competing for a share of India's e-commerce market, which Morgan Stanley expects to be worth about $200 billion by 2027.