Indian court dismisses Future Group s plea against Amazon.com Toggle share menu
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Indian court dismisses Future Group s plea against Amazon.com
FILE PHOTO: A man walks inside the Big Bazaar retail store in Mumbai, India, Nov 25, 2020. (Photo: REUTERS/Niharika Kulkarni)
21 Dec 2020 01:43PM Share this content
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MUMBAI: The New Delhi High Court on Monday (Dec 21) dismissed India s Future Retail s plea that sought to restrain its partner Amazon.com from interfering in its US$3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the US online retailer.