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ARTICLE · 31 AUGUST 2021

Amazon.com NV Investment Holdings LLC v. Future Retail Ltd & Ors

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Amazon.com NV Investment Holdings LLC (Amazon) had infused INR 1,431 crore into Future Coupons Pvt Ltd which was to ‘flow down' to Future Retail Ltd (FRL).

IndiaLitigation, Mediation & Arbitration
Manan Shukla
Manan Shukla
Ashish Prasad
Ashish Prasad
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Civil Appeal 4492 – 4493 of 2021

Background facts

  • Amazon.com NV Investment Holdings LLC (Amazon) had infused INR 1,431 crore into Future Coupons Pvt Ltd which was to 'flow down' to Future Retail Ltd (FRL). Based on mutual understanding, Amazon's investment in the retail assets of FRL would continue to vest in FRL due to which FRL could not transfer its retail assets without Amazon's consent.
  • Within few months from the date of investment, FRL and 12 other group companies of Future Group entered into a transaction with Mukesh Dhirubhai Ambani Group (Reliance Group). The transaction envisaged amalgamation of FRL with Reliance Group, including transfer of its retail assets to Reliance Group, which led to dispute between FRL and Amazon.

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