Page 41 - Future Retail News Today

Future-Amazon case: CJI says 'Hope, I don't get to hear this case again'

A bench headed by Chief Justice N.V. Ramana on Wednesday said it hopes it does not have to hear this case again, while noting that Amazon and Future Retail Limited (FRL) will move the arbitration tribunal to resume arbitration proceedings.

Meanwhile SC permits US e-commerce giant to approach the Delhi High Court to seek appropriate relief

Amazon and Future Retail Ltd (FRL) on Monday informed the Supreme Court that they wish to appear before the Singapore International Arbitration Centre in connection with the pending adjudication of arbitration proceedings before it.

Reliance's overnight deal to take over Future Retail's key outlets has stunned Amazon as it now battles for options

Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.

CJI Ramana while hearing the submissions by Amazon said, "You did not have any problem with assets before and now since it's been taken over, there is urgency, we will list this day after tomorrow."

Amazon and Future Retail Ltd (FRL) on Monday, 4 April, informed the Supreme Court that they wish to appear before the Singapore International Arbitration Centre (SIAC) in connection with the pending adjudication of arbitration proceedings before it.

Amazon and Future Group (FRL) on Monday agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.

The court also allowed Future Retail debtor Bank of India to withdraw the caveat application filed by it on the matter