Amazon-Future Battle: Delhi HC Allows Arbitration Proceedings To Continue Before SIAC
Amazon-Future Group legal tussle is on for over a year following the latter’s unsuccessful bid to sell its retail assets to Reliance Retail
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Amazon-Future Group legal tussle is on for over a year following the latter’s unsuccessful bid to sell its retail assets to Reliance Retail
Get latest articles and stories on Latest News at LatestLY. Reliance Retail, Adani Group's JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. Latest News | 13 Companies Enter in Final List of Prospective Buyers for FRL.
The Supreme Court (SC) has made it clear that it will not allow Future Group from stalling Amazon proceedings before the SIAC.
Justice Chandrachud said he was “concerned” as the CJI due to the claim made that there was “rule of law” prevailing in the country.
Amazon moved to the apex court of India to avoid any failure or cancellation of hearings of the tribunal proceedings by the Delhi High Court.