NEW DELHI (Reuters) – Future Retail has challenged its partner Amazon.com Inc in a New Delhi court to stop interfering in its $3.4 billion asset sale deal, the Indian company said in a statement on Saturday.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.
Amazon last month won an injunction to halt Future’s deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes. Future later said the order wasn’t binding, prompting Amazon to lodge a complaint with India’s market regulator.
The Delhi High Court was asked on Saturday to block Amazon from “misusing” the arbitration order to interfere in the Reliance deal, Future said in a filing to the …
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