Amazon introduces new lawsuits with Future Group sources Reuters

Author: Aditya Kalra

NEW DELHI (Reuters) – Amazon.com Inc has filed new lawsuits in a long-running dispute with Indian retailer Future Group after the national anti-competitive agency rescinded the 2019 agreement between the two sides, halting arbitration, four sources said. he told Reuters on Sunday.

The Indian Competition Commission (CCI) last month suspended Amazon (NASDAQ 🙂 for approving a 2019 deal with the US e-commerce giant to block the sale of Future’s retail assets to Indian market leader Reliance Industries.

The https://reut.rs/34DDiJf interruption disturbed Amazon as the New Delhi court subsequently suspended the arbitration proceedings between the two parties https://reut.rs/33d4ZYr.

On Saturday night, Amazon filed an appeal against the decision to suspend the CCI in the Court of Appeal of Indian National Company Law, two sources said.

In addition, two other sources said that Amazon had also filed a lawsuit in the Supreme Court against the decision of the Delhi court https://reut.rs/33d4ZYr, according to which the judges last week had to suspend the Future-Amazon arbitration proceedings until February 1. yours. in the face of competition against the suspension of the agreement.

Amazon and CCI did not immediately respond to comments.

The files are the latest in a bitter legal dispute that has confused Amazon, Future and Reliance, seen as a struggle for the growing retail dominance in the Indian consumer market.

Reliance, led by Mukesh Ambani, one of India’s richest men, wants to spread the word about its future debt, but Amazon told India’s anti-competitive organization https://reut.rs/3G8WbkU believes Reliance’s strong position will “further reduce competition” . In the Indian Retail Market. “

Amazon has long argued that Future violated the terms of the 2019 deal by deciding to sell its retail assets to Reliance. The U.S. company’s position so far has been upheld by Singapore arbitrators and Indian courts. The future denies any wrongdoing.

But after the CCI rescinded its approval of the deal, claiming that Amazon had removed the information while seeking permission for the deal, Future argued that Amazon has no legal basis to continue the dispute.

Two of Amazon’s appeals, to the Indian High Court and the Supreme Court, could be heard in the coming days, two sources said.