SC lifts stay on global tribunal hearing in Amazon-Future Group case

Development follows Delhi High Court stay on SIAC hearing the case on January 5

The Supreme Court has lifted a January 5 stay by the Delhi Hight Court on the Singapore Arbitration Tribunal Centre (SIAC) in the hearing of the case between Amazon and the Future Group.

The top court asked Future Group and Amazon whether they had any issues with resuming arbitration proceedings. If they didn't, then the court would pass an order to resume arbitration proceedings. Both parties confirmed that the did not have any issues.

Amazon approached SIAC in October 2020 to oppose the Rs 24,713 crore deal signed in August 2020 between Reliance Industries and Future Group.

SC also asked