• By The Financial District

Amazon Files Legal Challenges In Row With Future Group Of India

Amazon.com Inc has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters.


Photo Insert: Big Bazaar is a chain owned by Indian retailer, Future Group.



The Competition Commission of India (CCI) last month suspended its approval of Amazon's 2019 deal with Future, denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Indian market leader Reliance Industries.


The suspension jolted Amazon as subsequently, a New Delhi court halted the arbitration proceedings between the two sides.



Late on Saturday night, Amazon filed an appeal against the CCI suspension decision at India's National Company Law Appellate Tribunal, two of the sources said.


Separately, two other sources added, Amazon also filed a challenge in the Supreme Court against the Delhi court decision in which judges last week said Future-Amazon arbitration proceedings must remain on hold until Feb. 1 in light of the antitrust suspension of the deal.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The filings are the latest in the bitter legal dispute which has embroiled Amazon, Future, and Reliance over what is seen as a battle for retail supremacy in India's booming consumer market.


Reliance, run by one of India's richest men Mukesh Ambani, wants to expand its footprint by acquiring debt-laden Future, but Amazon has told India's antitrust body it believes Reliance's consolidated position "will further restrict competition in the Indian retail market."


Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Amazon has long argued that Future violated the terms of its 2019 deal in deciding to sell retail assets to Reliance. The US company's position has so far been backed by the Singapore arbitrator and Indian courts. Future denies any wrongdoing.



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