Amazon files fresh legal challenges in ‘Future’ dispute

Wednesday 12th January 2022 05:58 EST
 
 

Reliance, run by one of country's richest men Mukesh Ambani, wants to expand its footprint by acquiring debt-laden Future, but Amazon has told the country's antitrust body it believes Reliance's consolidated position "will further restrict competition in the Indian retail market".
 The Competition Commission of India (CCI) last month suspended its approval of Amazon's 2019 deal with Future, denting the U.S. e-commerce giant's attempts to block the sale of Future's retail assets to domestic market leader Reliance Industries.
 Amazon.com Inc has now filed fresh legal challenges in its long-running dispute with Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration. The suspension jolted Amazon as subsequently a New Delhi court halted the arbitration proceedings between the two sides.
 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.


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