Arbitration Initiated By Amazon Must Be Terminated, Says Fut

Arbitration Initiated By Amazon Must Be Terminated, Says Future Group

The Delhi High Court on Monday reserved its order on the petition by the Future Group seeking a direction to the SIAC arbitral tribunal to first decide on its application on termination of arbitration proceedings.

The Singapore based three-member tribunal is hearing the arbitration dispute initiated by Amazon.com NV Investment Holdings alleging violation of contractual obligation by Future Coupons Pvt. Amazon had initiated the arbitration arguing that the Future Group's transaction with Reliance Group violated the terms of the 2019 contract.

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