Amazon, Future Talks Have Failed, Lawyers Tell India’s Supreme Court
Abhirup Roy
Real journalism holds power accountable
Since 2015, The Wire has done just that.
But we can continue only with your support.
New Delhi: Talks between Amazon.com Inc and India's Future Retail aimed at resolving a long-running dispute over whether Future's retail assets can be sold to Reliance Industries have failed, lawyers for the companies told the Supreme Court on Tuesday, March 15.
Also Read: How Reliance Industries Built and Is Now Cutting Down Its House of Debt
Both Amazon and Future said they would like to resume arbitration proceedings in Singapore that had been put on hold by the New Delhi High court.
The Supreme Court said it will hear arguments from Amazon on Wednesday and decide on the matter.
(Reuters)
This article went live on March sixteenth, two thousand twenty two, at fifty-six minutes past one in the afternoon.The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.