Amazon calls for dialogue with India’s Future amid raging legal dispute By Reuters
[ad_1]
By Aditya Kalra and Abhirup Roy
NEW DELHI (Reuters) – Amazon.com Inc (NASDAQ 🙂 on Thursday proposed a dialogue with its warring partner Future Group to end legal battles over a contractual dispute that has soured relations between the two sides.
Amazon’s counsel Gopal Subramanium made the proposal during a hearing before India’s Supreme Court, where he said the “whirlpool” of litigation was being dragged for too long.
“All that I’m saying is lets at least have a conversation. We can’t allow the spinners’ wheel to continue like this,” Subramanium told the court.
In response, a counsel for Future Group agreed to hold talks with Amazon. The judges said the two sides could take 10 days to reach a possible solution.
Amazon has successfully stalled Future’s $ 3.4 billion asset sale to Indian rival Reliance since 2020 by citing violation of certain contracts. Future denies any wrongdoing, but the US firm’s position has been backed by a Singapore arbitrator and Indian courts so far.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]
Source link
