HC rejects Future Group’s plea seeking termination of SIAC arbitration proceedings
On the 17 November, the top court had made it clear that it will not allow stalling of arbitral proceedings pending before the SIAC pertaining to the ongoing legal tussle between US e-commerce major Amazon and the Future Group, saying the sanctity of such proceedings needed to be maintained.
MUMBAI: The Delhi High Court on Tuesday rejected Future Group’s plea challenging the Singapore International Arbitration Centre’s (SIAC) order that had dismissed the Indian retailer’s plea to stay the arbitration proceedings with Amazon Inc. This paves the way for Amazon to continue its arbitration proceedings with Future Group which will commence from 28 November.
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