Samreen Ahmad · · 1 min readFuture seeks to quash SG arbitration proceedings with Amazon
India-based Future Retail has asked the Delhi High Court to declare an ongoing arbitration in Singapore with ecommerce titan Amazon illegal, reported Reuters.
The case is likely to be heard this week.
In a blow to the US giant, the Competition Commission of India last month halted a US$200 million deal with debt-ridden Future Group. The antitrust watchdog had also imposed a penalty of US$27 million on Amazon for making false and incorrect statements as it pursued the agreement.
Amazon has been highlighting the 2019 deal to stop Future Group from selling assets to Indian conglomerate Reliance Industries, claiming that some contracts were breached.
Editing by Collin Furtado and Eileen C. Ang
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