Future Group Files a Lawsuit in the Supreme Court Against its Own Lenders

Future Group Files a Lawsuit in the Supreme Court Against its Own Lenders According to a legal file obtained by Reuters, India's Future Group challenged its own lenders in the Supreme Court on Tuesday in a bid to avoid being declared a defaulter for missing payments, citing an ongoing dispute with partner Amazon.com Inc. Future, the country's second-largest retailer, has been unable to finalise its $3.4 billion retail asset transfer to a competitor since 2020 owing to a dispute with Amazon, which claims the Indian company violated non-compete agreement provisions. Future is adamant in his denial of any wrongdoing. Future warned Indian stock exchanges earlier this month that it will be unable to pay its lenders 35 billion rupees ($470 million) due on Dec. Due to a conflict with Amazon, it was unable to sell certain small retailers on December 31. It had wanted to fix the matter within a 30-day grace period.