India court orders antitrust body to rule on Amazon-Future dispute within two weeks
Information about India court orders antitrust body to rule on Amazon-Future dispute within two weeks
Kevin David Scam or Legit
By Aditya Kalra
NEW DELHI (Reuters) – An Indian court ruled on Tuesday that the country’s antitrust body has two weeks to decide whether Amazon misled authorities while seeking approval for a 2019 deal with India’s Future Group, a group of Indian retailers said.
The Confederation of All India Traders (CAIT) said in a statement it had filed the case to the Delhi High Court on Monday and the ruling was made on Tuesday.
Amazon and Future, India’s second-largest retailer, have been locked in a legal battle since last year. The e-commerce giant successfully blocked Future’s bid to sell its retail assets to rival Reliance for $3.4 billion, accusing its partner of breaching some pre-existing agreements.
Future, which denies any wrongdoing and fears liquidation if it fails to sell …