Lawstreet Journal

Supreme Court to hear Amazon- Future- Reliance case on July 20, 2021

Lawstreet Journal 12 Jul 2021 6:39pm

Image courtesy: Lawstreet Journal Business Supreme Court to hear Amazon- Future- Reliance case on July 20, 2021

The Supreme Court on Thursday (July 8, 2021) adjourned till July 20, 2021 it’s hearing on a petition filed by American e-commerce firm Amazon against Kishore Biyan promoted- Future Groups after it was informed about an arbitration proceeding between the two companies at the Singapore International Arbitration Center (SIAC) from Monday. 

Next week we all will be busy before the tribunal”, Future Group’s lawyer Harish Salve told the court suggesting the arguments in the ongoing case between Future and Amazon may not be concluded in one afternoon on Thursday. 

The Apex Court was hearing an appeal of e-commerce giant Amazon challenging the Delhi High Court’s decision to stay an order upholding an emergency arbitrator award restraining Future Retail Limited from going ahead with its Rs. 24,731 crore assets deal with Reliance Retail.

Friday is reserved for miscellaneous cases in the apex court. If it doesn’t finish today then My Lord, Your Lordship will accommodate us next week.” 

Salve suggested that the court rather heard the case once the arbitration in Singapore International Arbitration Center is concluded next week. 

Amazon’s lawyer Gopal Subramanian said he would “no difficulty” in deferring the hearing even as he said he could also finish his submissions on Thursday afternoon. 

The Bench posted the matter for hearing on July 20

The Singapore International Arbitration Center will hear Amazon’s plea over Future Group’s Rs. 24, 173 crore deal with Reliance Industries Limited. By an interim emergency award on October 25, the Singapore International Arbitration Center restrained… Continue Reading...


Tagged: Amazon   Reliance Industries   Future Group  
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