Amazon appeals to India's Supreme Court in Future deal dispute-sources

Reuters2021-02-11

NEW DELHI, Feb 11 (Reuters) - Amazon.com Inc has mounted a legal challenge against its partner Future Group's $3.4 billion retail assets sale in India's Supreme Court, two sources told Reuters on Thursday, marking the U.S. 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.

A New Delhi court this week dealt a blow to the U.S. 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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Comments

  • ThangCT
    2021-02-16
    ThangCT
    Amazon [財迷] 
  • wijaya
    2021-02-16
    wijaya
    Nice
  • Henguru
    2021-02-16
    Henguru
    How
  • RajTvm
    2021-02-16
    RajTvm
    hmn
  • tuxtong
    2021-02-16
    tuxtong
    I’m agree
  • Alex77
    2021-02-16
    Alex77
    As always...........
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