An out-of-court dialogue between Future Group, Reliance Industries and Amazon to resolve the legal battle for Future Group's assets has not led to a resolution, Future Coupons and Amazon's counsels told the Supreme Court (SC). On March 3, Amazon had proposed a dialogue with Future Group and Reliance Industries to end the legal deadlock and SC had given them time till March 15 to come up with a settlement. Also, Amazon told SC that it would like to begin arbitration proceedings in Singapore which were put on hold by the Delhi High Court. Future Group agreed to this.
Amazon’s counsel argued that the highest court has been told that no assets will be transferred; it's been recorded and during pendencey the orders have been flouted. Future Group’s counsel said that nothing had been transferred and that rents had not been paid for over two years. Future Group’s counsel also argued that the company had no money and landlords were terminating its leases. The SC Bench also said that it was getting a feeling that by adjourning the matter, it was being lenient. On Tuesday, the SC allowed Amazon to file an interim application and the case was adjourned until March 16.
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