Amazon, Future fail to reach out-of-court settlement
The Supreme Court bench has asked Future Coupons to respond to Amazon’s application by March 16, when the matter will be heard next.
The Supreme Court bench has asked Future Coupons to respond to Amazon’s application by March 16, when the matter will be heard next.
These stores contribute around 55% to 65% of retail revenue operations of the Future Retail.
The Supreme Court has adjourned the matter for 10 days, and will pass orders if Amazon and Future fail to reach an out-of-court settlement.
Reliance Retail's ₹24,500-crore takeover deal for Future assets has been delayed for more than one and a half years due to the objections raised by Amazon.