'We are in trouble': Future tells SC all accounts frozen, 374 stores with them
Over months, Reliance has taken over the leases of more than 900 of Future's 1,500 stores, while still allowing the company to run them.
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Over months, Reliance has taken over the leases of more than 900 of Future's 1,500 stores, while still allowing the company to run them.
Amazon representatives informed Future the dispute could end if the US company could get back at least $200 million it invested in a Future unit in 2019.
The Supreme Court bench has asked Future Coupons to respond to Amazon’s application by March 16, when the matter will be heard next.
Last week, Reliance had taken over control of nearly 200 small-format retail stores of the debt-ridden Future Group.
For more than a year, Amazon and Future Group have been in a legal standoff that has stalled Future's $3.4 billion sale of assets to Reliance Industries.