India: Court Rejects Future Group s Plea Against Amazon.com Published December 21st, 2020 - 01:00 GMT
Amazon cannot be barred from writing to regulators on account of potentially irreparable damage, Justice Mukta Gupta of the Delhi High Court said in the verdict. (Shutterstock)
Highlights
Amazon had won an injunction to halt Future’s deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
The New Delhi High Court on Monday dismissed India’s Future Retail’s plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries.
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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.
In Battle With Future Group, A Win In Court Today For Amazon The New Delhi High Court on Monday dismissed Future Retail s plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries
Updated: December 21, 2020 11:21 am IST
In October, Amazon had won an injunction to halt Future s deal with Reliance from a Singapore arbitrator.
Highlights
Amazon says that deal breached its agreements with Future in 2019
Future is credited for transforming India s retail sector in recent years
The New Delhi High Court on Monday dismissed a plea from Future Group that sought to restrain US partner Amazon.com Inc from interfering in its $3.4-billion asset sale to Reliance Industries.
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