SC: Amazon got relief in arbitration dispute with Future Retail Limited on it’s merger with Reliance Group

Amazon.Com NC Investment Holdings LLC Vs Future Retail Limited  (Supreme Court of India)

SC: Amazon got relief in arbitration dispute with Future Retail Limited on it’s merger with Reliance Group

In the case of Amazon.com NV Investment Holdings LLC v. Future Retail Limited & Ors. [Civil Appeal Nos. 4492-4493 of 2021, Civil Appeal Nos. 4494-4495 of 2021, Civil Appeal Nos. 4496-4497 of 2021], the Hon’ble Apex Court has approved the Emergency Award passed by the Singapore International Arbitration Centre (the SIAC), which stalled the Rs. 24,731 crore deal between Future Retail Ltd and Reliance Retail in India.

Brief facts:

Amazon.com NV Investment Holdings LLC (“the Appellant”) filed an appeal before the High Court of Delhi under Section 17(2) of the Arbitration and Conciliation Act, 1996 (“the Arbitration Act”) to enforce the award/order dated October 25, 2020 as held by the SIAC.

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