 "Future Retail")
The legal battle between US e-commerce giant Amazon and Future Group to stop Kishore Biyani-led retailer’s $3.4 billion deal with Reliance Industries Limited (RIL) is deteriorating and Amazon appears to be flexing its muscle, according to legal experts.
Amazon has filed a petition in the Delhi High Court to stop Future Retail’s (FRL) $3.4 billion deal with Reliance Industries Limited (RIL). Amazon has asked the court to issue an injunction (in terms of the directions passed by the Arbitral Tribunal) restraining respondents from taking any steps to complete the impugned transaction with entities that are a part of the MDA (
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