Amazon Urges Supreme Court To Pause Anti-Trust Review Of Future Group Deal: Report


Amazon urged Supreme Court to suspend review of deal with Future Group Inc has asked the Supreme Court to suspend an expedited review of claims that the United States the company withheld information while seeking antitrust clearance for a 2019 deal with Future Group, legal documents viewed by Reuters showed.

In June, the Indian Competition Commission (ICC) accused Amazon of covering up facts and making false statements when it sought approval for the $ 200 million investment in a Future unit in 2019, an agreement that is now at the heart of protracted legal disputes between the two. sides.

Amazon told Reuters at the time that it was confident it would address the watchdog’s concerns. Amazon’s approach to the Supreme Court comes as the ICC held a closed-door hearing on Wednesday where lawyers for the US firm declined to argue and explain their position on the matter, saying they asked the highest court to suspend the process.

The watchdog noted in an internal document – seen by Reuters – that it had decided not to give the company any extension to explain its position and that it would now issue an order in due course.

Amazon and the ICC did not immediately respond to a request for comment. The ICC ruling is crucial to Amazon’s legal challenges.

If the ICC rules against Amazon and revokes the 2019 approval, it could have far-reaching ramifications for the U.S. company’s ongoing legal battle with Future, according to people familiar with the matter.

That’s because Amazon has so far successfully used the Future 2019 unit deal to argue for the breach of some contracts when the Indian company announced plans to sell its retail assets to its rival Reliance Industries for $ 3.4 billion last year.

Future, who denies any wrongdoing, accuses Amazon of illegally interfering in its business decisions and derailing a possible deal without which he says he will be threatened with liquidation.


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