Armed with a Superior Court order, Future Group has told Amazon that it is not responsible for paying any compensation as there has been no breach of contract. In a letter addressed to the American e-commerce giant, Future said that it has not breached any contractual clause that was signed …
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“We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce giant. “As the matter is under trial, we cannot provide details.” Last year, Amazon bought a 49% stake in one of Future’s unlisted companies, Future Coupons Ltd, with the right to buy into the …
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Bengaluru / Mumbai: Amazon Inc. has approached the Singapore International Arbitration Center (SIAC), claiming that Future Group has breached the contract under which the U.S.-based e-commerce major took a stake in its subsidiary and requests the deal with Reliance Industries Ltd to purchase the retail assets of the Indian company …
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