Published by
Reuters UK
Reuters UK
By Aditya Kalra NEW DELHI (Reuters) – Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters. For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future’s $3.4 billion sale of assets to Reliance Industries. Amazon successfully halted Future’s asset sale to rival Reliance since 2020 by citing violation of certain contracts. Future, India’s second largest r…