SC notice to Future Group on Amazon plea against stay on int'l arbitration

The matter, adjourned till Feb 23, was heard by CJI N V Ramana, two other judges; SC had on Tuesday rejected Amazon' petition to file a seven-page written submission

The Supreme Court (SC) has asked Future Group to respond to Amazon’s special leave petition which challenged Delhi High Court’s (HC) divisional bench order last month staying the Singapore International Arbitration Centre (SIAC) arbitration proceedings in the Amazon-Future case.

The matter was adjourned and will next be heard on February 23. The matter was heard by Chief Justice N V Ramana, Justice A S Bopanna and Justice Hima Kohli.

The Amazon-Future Group arbitration was going on between a three-member arbitration tribunal over the deal between Future Group and Reliance Industries worth Rs 24,500 crore.

Amazon approached the SIAC in October