Amazon to continue arbitration against FRL in SIAC

Amazon to continue arbitration against FRL in SIAC

26 April 2022, Mumbai:

The focus is likely to be on FRL stores' take over by Reliance.

US Co tells the high court that transfer of retail assets against SIAC injunction.

ALSO READ Future of Future Group?

AT Loggerheads

Singapore tribunal may resume hearing in Amazon- Future Group came in the first or second week of May.
In Feb, it took possession of about 800 FRL stores, citing non-payment of rent.
Reliance had taken over leases of some of Future Group's stores.

RELEVANT NEWS Reliance Retail takes over Future Group stores

On Monday:
Amazon told HC that there was a SIAC injunction against FRL alienating its assets.
US co is likely to raise the issue in SIAC.

The possession of Future Retail stores by RIL will take the centre stage in the SIAC proceedings and in the upcoming court cases, people tracking the matter said.

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CREDITS: ET DT 26-04-2022 (The News article has not been edited by DFU Publications staff).

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