Amazon tells Delhi court that Singapore stay on sale of Future Group’s assets binding in India

Amazon on Wednesday argued in the Delhi High Court that a temporary injunction awarded by a Singapore based arbitration centre staying the sale of Future Group’s assets to Reliance NSE -0.67 % Retail is very much binding and enforceable in India even as the US e-commerce giant accused a Future Retail promoter entity of breach of a host of shareholders agreements.

“They have breached a number of their contractual obligations,” senior lawyer Gopal Subramanium said in a hearing in the Delhi court, referring to a 2019 shareholders agreement between Amazon and Future Retail’s promoter company Future Coupons.