Amazon, Future talks have failed, lawyers tell India's Supreme Court

Future Retail

15/03/2022 06:32

NEW DELHI, March 15 (Reuters) - Talks between Amazon.com Inc
 AMZN.O  and India's Future Retail  FRTL.NS  aimed at resolving
a long-running dispute over whether Future's retail assets can
be sold to Reliance Industries  RELI.NS  have failed, lawyers
for the companies told the Supreme Court on Tuesday.
    Both Amazon and Future said they would like to resume
arbitration proceedings in Singapore that had been put on hold
by the New Delhi High court.
    The Supreme Court said it will hear arguments from Amazonon
Wednesday and decide on the matter. 

 (Reporting by Abhirup Roy; Editing by Edwina Gibbs)
 ((abhirup.roy@thomsonreuters.com; + 91 22 6180 7067; Reuters
Messaging: abhirup.roy.thomsonreuters.com@reuters.net))