NEW DELHI, Aug 28 — India’s Future Retail today filed a new case against Amazon.com Inc at the Supreme Court in its latest effort to seek clearance for its US$3.4 billion retail assets sale, which the US firm has challenged.to Future when it said an interim decision by a Singapore arbitrator in October 2020 that put its deal with Reliance Industries on hold — following Amazon’s complaint — was valid in India.
In its over 6,000-page filing, Future has argued that if the deal with Reliance doesn’t go through, it would cause “unimaginable” damage to the group, including possible job losses for 35,575 employees, and put at risk roughly 280 billion rupees in bank loans and debentures.
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