On Wednesday, the Delhi High Court stayed the Amazon-Future arbitration which was going on before a three-member arbitral tribunal over the latter's Rs 24,500-crore deal with Reliance.
A Delhi High Court division bench of Chief Justice D N Patel and Justice Jyoti Singh stayed the Amazon-Future arbitration over the appeals filed by Future Retail and its promoters.
Delhi High Court puts on hold arbitration proceedings between Amazon and Future dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
Shares of Future Group of companies on Thursday bounced back, rallying as much as 14 per cent, a day after the Delhi High Court stayed the Amazon-Future arbitration.
SIAC terminates Jan 5-8 arbitration proceedings in Amazon-Future dispute, says Future Retail mybigplunge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybigplunge.com Daily Mail and Mail on Sunday newspapers.