In an unexpected move on Thursday, Amazon attorney Gopal Subramanium suggested at a Supreme Court hearing that the two sides are negotiating, saying the “vortex” of disputes being fought on multiple fronts had dragged on for too long.
“All I’m saying is we should at least have a conversation. We can’t allow the spinner wheel to go on like this. Please think about this,” Subramanium said.
“We need to agree, discuss… come face-to-face and discuss the best options.”
Future Group’s counsel agreed to the talks, saying, “No one wins in this battle.” The judges said it would take the two sides 10 days to reach a possible solution.
Amazon has successfully blocked the sale of Future’s $3.4 billion (approximately Rs. 25,792 crore) assets to Indian rival Reliance since 2020, accusing its business partner of violating certain contracts. Future denies any wrongdoing, but the US company’s position is supported by an arbitrator in Singapore and Indian courts.
Amazon’s olive branch comes just days after Reliance began seizing control of some 500 Future stores, rebranding them as their own outlets despite ongoing legal disputes.
Reliance had previously signed leases from some of Future’s flagship supermarkets, but allowed Future to still operate them. Reliance has now begun to take possession of the prized property after Future failed to make rent payments on it, sources say.
© Thomson Reuters 2022
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