Lawstreet Journal

Amazon & Future Retail Agree In Supreme Court to Appear Before Singapore Arbitration Tribunal; Parties To File Joint Memo On April 6

Lawstreet Journal 6 Apr 2022 3:25am

Image courtesy: Lawstreet Journal Business Amazon & Future Retail Agree In Supreme Court to Appear Before Singapore Arbitration Tribunal; Parties To File Joint Memo On April 6

Amazon and Future Retail Ltd. expressed their mutual agreement on 4th April’2022, to the Supreme Court, to appear before the Singapore Arbitration Tribunal. The development happened in the special leave petition (SLP) filed by Amazon challenging the Delhi High Court's order which stayed the arbitration proceedings on a challenge made by Future Retail Limited (FRL).  

The FRL’s contention ever since has been that it is not covered by the arbitration agreement as Amazon's deal was with Future Coupons Private Ltd (FCPL).

"It is stated and agreed by both the parties that they wish to appear before the Singapore International Arbitration Centre and request that the proceedings, pending adjudication before it, be expedited on the issues agreed upon between them", the order passed by the bench led by the Chief Justice of India recorded. 

The hearing has been adjourned to April 6 wherein the parties have been directed to file joint memos.

"It is stated and agreed by both the parties that they wish to appear before the Singapore International Arbitration Centre and request that the proceedings, pending adjudication before it, be expedited on the issues agreed upon between them", the order recorded. 

Previously, the Chief Justice of India had urged both the parties to opt for an amicable settlement of their dispute over the FRL's deal with the Reliance group. However, it did not pay heed. Later, Amazon moved an application seeking to restrain Future group alleging that it was handing over its stores to Reliance in violation… Continue Reading...


Tagged: Amazon   Future Group  
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