Future files new case against Amazon in Supreme Court over retail deal
The Hindu
Group argues in plea of possible job losses for 35,575 staff, risk to ₹280 bn in debt
Future Retail on Saturday filed a new case against Amazon at the Supreme Court in its latest effort to seek clearance for its $3.4 billion retail assets sale, which the U.S. firm has challenged. The Supreme Court this month dealt a blow to Future when it said an interim decision by a Singapore arbitrator in October 2020 that put its deal with Reliance Industries on hold — following Amazon’s complaint — was valid in India. The top court had also said Future could not appeal a lower court’s decision against it. The retailer is now asking the top court to hear the challenge, people familiar with the case said.
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