Amazon moves Supreme Court against Delhi HC stay order restraining Future Retail deal with Reliance
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Last Updated: Apr 14, 2021, 03:01 PM IST
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Synopsis
Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them. In October 2020, Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC).
Reuters
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
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Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.
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