National News: Future moves HC on Singapore arbitration | India News – Rashtra News

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Future moves HC on Singapore arbitration | India News – Rashtra News : Rashtra News

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NEW DELHI: Kishore Biyani’s Future Retail (FRL) has filed a writ petition before the Delhi high court, seeking to quash the Singapore arbitration proceedings, which had ruled in favour of US e-tailer Amazon.
FRL’s move comes ahead of further hearings at Singapore International Arbitration Centre (SIAC) that are set to take place soon. While the petition was heard on Monday, the court is expected to pass an order on Tuesday.
The fresh development comes against the backdrop of the Competition Commission of India suspending its approval of Amazon’s 2019 investment in Future Coupons.

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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a timesofindia.indiatimes.com feed.)

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