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Future Retail Asks India Court to Abort Amazon Arbitration

  • Court to give verdict on Future Retail’s petition on Tuesday
  • Future Retail cites antitrust body ruling against Amazon
Updated on

Future Retail Ltd. has sought to halt and terminate Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd..

Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore saying that continuing arbitration would be illegal. The Singapore tribunal on Dec. 30 refused to consider Future Retail’s request for terminating the arbitration before starting a final hearing later this week, prompting the Indian retailer to move the Delhi court.