NEW DELHI—An Indian court ruled on Tuesday that the country’s antitrust body has two weeks to decide whether Amazon misled authorities while seeking approval for a 2019 deal with India’s Future Group, a group of Indian retailers said. The Confederation of All India Traders (CAIT) said in a statement it had filed the case to the Delhi High Court on Monday and the ruling was made on Tuesday. Amazon and Future, India’s second-largest retailer, have been locked in a legal battle since last year. The e-commerce giant successfully blocked Future’s bid to sell its retail assets to rival Reliance for $3.4 billion, accusing its partner of breaching some preexisting agreements. Future, which denies any wrongdoing and fears liquidation if it fails to sell assets, has been arguing before the Competition Commission of India (CCI) that approval for the 2019 Amazon deal should be revoked as the U.S. firm had made …
India Court Orders Antitrust Body to Rule on Amazon–Future Dispute Within 2 Weeks
November 16, 2021
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