InvestorQ : What is the status of the ongoing case between Reliance, Future group and Amazon?
Riya Dwivedi made post

What is the status of the ongoing case between Reliance, Future group and Amazon?

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shrinidhi Rajan answered.
2 months ago
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When the court had given one last chance to Amazon and Future to hammer an out-of-court settlement, the hope was that there could still be a rapprochement with legal battles. That seems unlikely now. Lawyers confirmed to the court that any out-of-court settlement between Future Group, Reliance and Amazon was ruled out since the talks had failed and all parties had decided to settle the matter legally through the courts of law.

Amazon, meanwhile, plans to proceed legally against Reliance group for taking over Future group stores when the matter was sub-judice. That is the new battlefield. Amazon’s counsel argued that the top court had been assured that no assets will be transferred during the pendency of the case. Most of the store were on tenancy from Reliance which was repossessed after Future group failed to pay the lease rentals on time.

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