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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.
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.
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.