Amazon asks court to jail retail tycoon Kishore Biyani in legal spat

Amazon.com Inc. has filed a petition in an Indian court seeking detention of Future Group’s founder and seizure of assets for violating an arbitration court’s order that temporarily halted the sale of its retail operations to Reliance Industries Ltd, people with knowledge of the matter said.

The Delhi High Court will hear the matter on Jan. 28. Besides seeking prison for tycoon Kishore Biyani, the ecommerce giant wants enforcement of the Singapore arbitrator’s ruling in October against the $3.5 billion deal, the people said, asking not to be identified citing rules on speaking to the media.

Read more

You may also like

Comments are closed.