India court orders antitrust body to rule on Amazon-Future dispute within two weeks

Reuters2021-11-16

An Indian court ruled on Tuesday that the country's antitrust body has two weeks to decide whether Amazon(AMZN.O)misled authorities while seeking approval for a 2019 deal with India's Future Group, a ...

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Jrrr92
2021-11-16
Jrrr92
Ok
- Jrrr92:
  Ok
Andersonkana
2021-11-16
Andersonkana
Good
NatYong
2021-11-16
NatYong
Yes
NPC69
2021-11-16
NPC69
Ok
DingDang
2021-11-16
DingDang
Time to buy!
- Okie_cheong:
  👍🏻👍🏻👍🏻
- IAmThankful:
  [What]
- Aun9:
  K
OngOng
2021-11-16
OngOng
Amazon
- OngOng:
  Reas this

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The e-commerce giant successfully blocked Future's bid to sell its retail assets to rival Reliancefor $3.4 billion, accusing its partner of breaching some pre-existing agreem","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊"},"translate_title":"印度法院命令反垄断机构在两周内就亚马逊-未来争端做出裁决","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":0.9},"content_text":"An Indian court ruled on Tuesday that the country's antitrust body has two weeks to decide whether Amazon(AMZN.O)misled authorities while seeking approval for a 2019 deal with India's Future Group, a group of Indian retailers said.\nThe 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.\nAmazon and Future, India's second-largest retailer, have beenlocked in a legal battle since last year. The e-commerce giant successfully blocked Future's bid to sell its retail assets to rival Reliance(RELI.NS)for $3.4 billion, accusing its partner of breaching some pre-existing agreements.\nFuture, which denies any wrongdoing and fears liquidation if it fails to sell assets,has been arguingbefore the Competition Commission of India (CCI) that approval for the 2019 Amazon deal should be revoked as the U.S. firm had made misleading representations while seeking approval. 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