In this fight between Amazon and Reliance, why are the Banks quiet? Why aren’t they making amicus curae submissions to the court to protect their interests?
If Reliance loses this case (let’s be clear - Future is just a proxy for Reliance), Banks would be at risk, unable to recover their money! Amazon won’t cover their losses, and it’s highly unlikely someone else will step in considering how much things have shifted in last 1 year!
Banks have ₹12,000 crores at stake - and they are sitting by quietly as Amazon tries to protect its interest - harming their interest!
If Reliance loses this case (let’s be clear - Future is just a proxy for Reliance), Banks would be at risk, unable to recover their money! Amazon won’t cover their losses, and it’s highly unlikely someone else will step in considering how much things have shifted in last 1 year!
Banks have ₹12,000 crores at stake - and they are sitting by quietly as Amazon tries to protect its interest - harming their interest!