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Do I have to ask Amazon sitting in US for deal with RIL, asks Future Retail

Future Retail which was represented by senior advocate Harish Salve told the court Future Retail does not need to seek permission from Amazon for any investments as it does not have any rights

big bazaar, future retail, future group

Harish Salve contended that FRL is a public listed company and Amazon cannot object

Peerzada Abrar Bengaluru
The lawyer for Future Retail Limited (FRL) on Thursday told the Delhi High Court that due to the investment by Reliance, Future’s creditors worth Rs 18,000 crore are being protected. The counsel contended that these are all Indian people and alleged that Amazon doesn't care. 

The Delhi High Court is hearing Future Retail's suit related to its deal with Reliance. It was recently halted by an Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC) in favour of Amazon. The lawyers of the companies have been making arguments since last week. The matter was heard by Justice Mukta Gupta. The

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First Published: Nov 19 2020 | 9:39 PM IST

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