Supreme Court reserves verdict on Amazon’s plea against Future-Reliance deal
The Hindu
Top court to decide if Singapore-based arbitrator’s decision is enforceable in India
The Supreme Court on Thursday reserved its judgment on a petition filed by e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited and Reliance Retail. One of the questions highlighted in the case is regarding the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited from going ahead with its deal with Reliance Retail, under the Indian laws. A Bench of Justices Rohinton F. Nariman and B.R. Gavai reserved the case after marathon virtual court hearings over nearly a week.
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