INSUBCONTINENT EXCLUSIVE:
New Delhi:
Future Group informed the Supreme Court that, "Amazon God must pick up the phone and call..." after
Amazon proposed talks to end legal battles
To end a contractual dispute that has soured relations between the two sides, Amazon has suggested talks with Future Retail.While
the Supreme Court, welcoming these discussions, has given both parties until March 15 to explore a settlement through negotiations.Future
the possibility in the next ten days to settle disputes over Future's retail assets, which has been a subject of intense multi-forum
litigation.Amazon's counsel Gopal Subramanium proposed during a hearing before India's Supreme Court, where he said the "whirlpool" of
litigation was being dragged for too long."All that I'm saying is let's at least have a conversation
We cannot allow the spinners' wheel to continue like this," Mr Subramanium told the court.In response, a counsel for Future Group agreed to
The judges said the two sides could take ten days to reach a possible solution.Amazon has successfully stalled Future's $3.4 billion asset
sale to Indian rival Reliance since 2020 by citing violation of specific contracts.Future denies any wrongdoing, but the United States
firm's position has been backed by a Singapore arbitrator and Indian courts so far.Amazon has also assured that it will not launch any
fresh proceedings against Future while these talks are underway.
