Future Retail Employees Ask SC to Sell Its Retail Assets, Rule Against Amazon

Future Retail Employees Ask SC to Sell Its Retail Assets, Rule Against Amazon

India’s future retail employees have asked the Supreme Court to enable companies to sell retail assets and rule against Amazon.com Inc. in ongoing disputes, quoting risks up to 27,000 jobs, according to legal submission seen by Reuters.

The future has failed to close the $ 3.4 billion deal to sell his retail assets to the market leader’s dependency industry because of the successful legal challenge by Amazon, which argues that the future violates several existing contracts, by deciding to sell his retail assets to rely on .

When the Indian Supreme Court heard a dispute, a group of retail employees (FLL) in the future had submitted a petition urging the court to rule against Amazon, said their livelihood was at stake.

If the agreement fails, the future “will be pushed into liquidation, producing 27,000 employees losing their livelihoods. The family of employees will be on the streets,” said the FRL employee welfare association in submission of November 20, seen by Reuters. Previous archiving has been reported and not public.

The future, which denies any mistakes, says it will face liquidation if the dependence agreement is not through, while Amazon has repeatedly argued that the 2019 investment becomes a future unit forbid the agreement that relies on the future.

Employee archiving is likely to be heard on December 8, when the Supreme Court was due to taking this problem.

Network18 and TV18 – companies that operate news18.com – controlled by independent media trust, where the reliance industry is the only beneficiary.

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