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Sources familiar with the development confirmed that an appeal has been filed in the NCLAT against the decision and the matter is likely to be taken up for hearing in the coming week.
The Delhi High Court will pronounce its order tomorrow at 4.30 pm in Future Group’s pleas seeking directions to arbitration tribunal in Singapore to deal with its termination application
The Delhi High Court agreed to hear Future Group’s petition seeking the termination of Amazon's case before an arbitral tribunal in Singapore.
The Supreme Court held that an “award” delivered by an emergency arbitrator under SIAC Arbitration Rules constitutes an order under section 17(1) of the Arbitration and Conciliation Act and would be enforceable as such.