Amazon appeals to Supreme Court in Future deal dispute: Report

2021-02-11 03:11:02

NEW DELHI: Inc has mounted a legal challenge against its partner Future Group‘s $3.4 billion retail assets sale in the Supreme Court, two sources told Reuters on Thursday, marking the US firm’s latest effort to block the deal.
Amazon, locked in legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to Reliance Industries last year. Future denies any wrongdoing.
Delhi high court this week dealt a blow to the US firm by revoking a previous court decision that effectively blocked the deal, and Amazon has filed an appeal against it in the Supreme Court in the capital city, the two sources said.

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