Future Group promoters, holding firms move SC after verdict in favour of Amazon

Future Group promoters including Kishore Biyani and several group holding companies have moved Supreme Court after a verdict was passed in favour of e-commerce firm Amazon, threatening the Rs 24,713 crore deal between Future Retail and Reliance Retail.

Future group promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court directing to enforce the order of the Singapore-based Emergency Arbitrator. Kishore Biyani, Rakesh Biyani and other family members of the Biyani family along with the holding companies Future Coupons, Future Corporate Resources, Akar Estate and Finance has filed SLP against Amazon.com NV Investment Holdings LLC before the Supreme Court, said a regulatory filing by a group firm Future Retail Ltd.