Amazon Challenges India's Antitrust Suspension Of 2019 Future Deal: Report
NDTV
Antitrust agency suspended its approval of Amazon.com's 2019 deal with Future Group last month, potentially denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance Industries
Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's suspension of a 2019 deal it had with Future Group, two sources with direct knowledge told Reuters on Sunday.
Antitrust agency suspended its approval of Amazon.com's 2019 deal with Future Group last month, potentially denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance Industries.
The suspension has jolted Amazon as it subsequently led to a halt in the arbitration proceedings between the two sides in a long-running commercial dispute.
Amazon has long argued that Future violated the terms of its 2019 deal in deciding to sell retail assets to market leader Reliance Industries, and the US company's position had so far been backed by the Singapore arbitrator and Indian courts. Future denies any wrongdoing.
