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Future Group moves Delhi High Court against Amazon ‘interfering’ in acquisition by Reliance

The Future Group has gone to court against Amazon after the e-commerce giant challenged Reliance Retail's acquisition of much of the Kishore Biyani-headed conglomerate. The development came to light in a stock exchange filing by the Future Group on Sunday. "The Company has filed necessary suit in the Hon’ble Delhi High Court on 7th November, 2020 in relation to seeking necessary reliefs against Amazon.com NV Investment Holdings LLC (“Amazon”) from interfering with the Transaction by misusing an Interim Order dated 25th October, 2020 issued by an Emergency Arbitrator, appointed by the Singapore International Arbitration Centre (SIAC)," the Future Group said in a filing. In August, Reliance Retail had announced that it would be acquiring the Future Group's retail businesses, like Big Bazaar, for ₹24,713 crore. Amazon protested the deal, saying it had a right of "first refusal" to veto the…

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