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The legal battle between Amazon and Future Group was going on for over two years in various courts in India and in Singapore following a 24,713-crore deal to sell the latter's retail, wholesale, logistics, and warehousing assets to Mukesh Ambani's Reliance Industries Ltd.
Justice C. Hari Shankar said the arbitration the before SIAC will continue and did not express any opinion on the merits of the arguments in the matter.The
On the 17 November, the top court had made it clear that it will not allow stalling of arbitral proceedings pending before the SIAC pertaining to the ongoing legal tussle between US e-commerce major Amazon and the Future Group, saying the sanctity of such proceedings needed to be maintained.
Justice C. Hari Shankar said the arbitration the before SIAC will continue and did not express any opinion on the merits of the arguments in the matter.The
The Delhi High Court on Tuesday dismissed Future Group's plea seeking termination of the arbitration proceedings initiated by Amazon before the Singapore International Arbitration Court (SIAC), as reported by Bar and Bench.