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Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

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Amazon has claimed right to be present at any table considering the restructuring of Future Retail Ltd and said the core assets of FRL cannot be compromised without its consent.

Dev Chatterjee Mumbai

4 min read Last Updated : Nov 03 2020 | 11:05 PM IST

The Future Group has a tough legal battle ahead in the Delhi High Court after it lost an important legal war at Singapore International Arbitration Centre.

The Future group moved the Delhi High Court seeking to be heard if any plea is filed by its partner-turned-foe, Amazon Inc, which is objecting to Future’s sale of its entire retail and logistics business to Reliance Industries Ltd.

In its arguments before the Singapore International Arbitration Centre, Future had said as the "horse has bolted" after the RIL transaction, Amazon no longer has any legitimate interests meriting protection. “This is incorrect. The horse

Topics : FDI Future Group Future Retail Amazon Kishore Biyani Arbitration Retail sector

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