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 (US$3.81bil or RM15.98bil) in bank loans and debentures.
NEW DELHI: India’s Future Retail on Saturday filed a new case against Amazon.com Inc at the Supreme Court in its latest effort to seek clearance for its US$3.4bil (RM14.26bil) retail assets sale, which the United States firm has challenged.
The Supreme Court this month dealt a blow 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.
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