Amazon.com has told India’s top court that talks to settle the dispute with Future Retail Ltd., the Mumbai-based retailer with more than 1,500 stores in the country, is at a stalemate, Bloomberg reported Tuesday (March 15). “We made efforts, but nothing is possible,” Amazon’s lawyer...
Amazon’s long-running legal battle against its Indian partner Future Retail is reportedly about to escalate. As Reuters reported Wednesday (March 2), the retail giant says it plans to initiate criminal court proceedings against the department store chain for allowing the transfer of assets to a...
Lenders to the Indian department store chain Future Retail have told the country’s Supreme Court that the chain’s assets should be auctioned off to cover missed payments.Lenders to the Indian department store chain Future Retail have told the country’s Supreme Court that the chain’s assets...
The Delhi High Court on Tuesday (Jan. 4) denied Future Retail’s effort to rule its arbitration hearings with eCommerce behemoth Amazon illegal, according to a Reuters report. Future had pinned its hopes on the ruling, pleading with a New Delhi judge that, since India’s antitrust...
July 20, 2022
India’s National Company Law Tribunal has sent Future Retail into bankruptcy, despite claims by Amazon’s local division that the move was part of a conspiracy to make the once-mighty retailer insolvent. The bankruptcy decision was based on a petition by Bank of India and allows Future’s creditors to find a new owner for the company, […]
March 15, 2022
Amazon.com has told India’s top court that talks to settle the dispute with Future Retail Ltd., the Mumbai-based retailer with more than 1,500 stores in the country, is at a...
March 02, 2022
Amazon’s long-running legal battle against its Indian partner Future Retail is reportedly about to escalate. As Reuters reported Wednesday (March 2), the retail giant says it plans to initiate criminal...
February 03, 2022
Lenders to the Indian department store chain Future Retail have told the country’s Supreme Court that the chain’s assets should be auctioned off to cover missed payments.Lenders to the Indian...
