"It is most unfortunate that leaving aside the objections raised by CAIT in CCI , the Commission has approved the deal. Without giving any opportunity of hearing to CAIT, the CCI has flayed principle of natural justice.
"We deeply condemn such an attitude and will certainly move the court against the decision of CCI. CAIT has called an emergency meeting of its governing council on August 19 at Nagpur to take stock of the situation and finalise strategy for a nationwide movement," CAIT Secretary General Praveen Khandelwal told PTI.
The trader's body had said it apprehends that the deal is bound to circumvent established laws and FDI policy of the government.
The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion.
The regulator keeps a tab on unfair business practices in the market place.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)