Future Retail told the Supreme Court that "Amazon wanted to destroy us, and it succeeded," as the bitter and long-running legal battle continues, with the next hearing scheduled for April 4.
After talks between Amazon Inc. and Future Retail Ltd. (FRL) to resolve and come to an out of court settlement failed.
As Reliance Industries Limited (RIL) took over hundreds of stores of the Kishore Biyani-led group last month on unpaid rents mounting up to ₹ 4,800 crore, the accusing-and-the retort continues.
While Amazon has also accused Future Retail and RIL of "fraud", Future group said on Thursday, "for ₹ 1,400 crores, Amazon has destroyed a ₹ 26,000 crores company.
"We are hanging by a thread. No one wants to do business with us now. When the landlord gives an eviction notice, then what can we do?" added Future Retail.
Amazon argues that its 2019 deal with a Future unit contained clauses prohibiting the Future group from selling its retail assets to anyone on a "restricted persons" list that included Reliance.
Amazon said the transfer of Future Retail's assets looks like "Ripley's Believe It or Not" FRL let go of over 800 shops without any protest.