HC rejects Future's plea to stay Singapore arbitrator's order: Report

Amazon and Future Group are embroiled in legal battles since the latter entered into an agreement with Reliance Retail to sell its retail assets for Rs 24,713 crore in 2020

The Delhi High Court on Friday rejected a plea by Future Retail to stay a decision by a Singapore arbitration panel that has kept the sale of Future's retail assets to Reliance Industries in limbo, said MoneyControl.com. The court will hear the plea on January 4.
 

The Singapore arbitration panel had also rejected Future Retail's request to be excluded from the arbitration proceedings as it is  party to the dispute between Amazon and Future Group, the report said.

Subsequently, Future Group had moved the Delhi High Court seeking a stay on the interim order as well as permission to proceed with shareholders’