Amazon Proposes Dialogue With Future Retail To End Legal Battles
Amazon has proposed a dialogue with Future Retail to end legal battles, while the Supreme Court gives both parties until March 15 to explore a settlement through negotiations.
To end a contractual dispute that has soured relations between the two sides, Amazon has suggested talks with Future Retail.
Amazon’s counsel Gopal Subramanium proposed during a hearing before India’s Supreme Court, where he said the “whirlpool” of litigation was being dragged for too long.
“All that I’m saying is let’s at least have a conversation. We cannot allow the spinners’ wheel to continue like this,” Subramanium told the court.
In response, a counsel for Future Group agreed to hold talks with Amazon. The judges said the two sides could take ten days to reach a possible solution.
Amazon has successfully stalled Future’s $3.4 billion asset sale to Indian rival Reliance since 2020 by citing violation of specific contracts. Future denies any wrongdoing, but the U.S. firm’s position has been backed by a Singapore arbitrator and Indian courts so far.