Amazon Appeals Future Arbitration Halt in top India Court

Amazon Appeals Future Arbitration Halt in top India Court

Bloomberg

Amazon.com Inc.’s Indian unit petitioned the country’s Supreme Court against a halt on an arbitration case against Future Retail Ltd.’s asset sale to Reliance Industries Ltd., according to people familiar with the filing.

Amazon urged the top court to lift the halt ordered on January 5 by a high court and is likely to seek an early hearing of the case, the people said, asking not to be identified discussing the filing.

Amazon is trying to block the sale of Future’s warehouses and stores to Reliance Retail, which would cement Reliance’s dominant position and make it harder for the US giant to entrench itself in the world’s biggest open consumer market. Cases are being heard in courts across Singapore and India.