Supreme Court rules in favour of Amazon against Future-Reliance Retail deal
The Hindu
Top court upholds validity of Singapore arbitrator’s award
The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the . A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld 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. With this, the court has made it clear that the EA’s decision could be accepted and enforced as an interim award by an arbitral tribunal under Section 17 of the Arbitration and Conciliation Act.
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