Indian court restrains Future chief from selling assets in dispute with Amazon

REUTERS/Pascal Rossignol

An Indian court on Thursday restrained Future Group chief Kishore Biyani from selling his personal assets following Amazon.com Inc’s challenge against the Indian group’s $3.4 billion sale of its retail business.

Amazon is locked in a dispute with Future, which it says allegedly violated certain contracts by selling its retail assets to market leader Reliance Industries last year. Future denies any wrongdoing.

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