Final act of Amazon, Future row

A one-man arbitration panel heard the plea of Amazon and Future Group last week and a verdict is expected in a few days, according to sources.

A hearing of the arbitration took place at the Singapore International Arbitration Centre on October 16.

US-based Amazon had slapped a legal notice on Future Group, alleging that the retailer’s Rs 24,713 crore asset sale to Reliance Industries Limited (RIL) violated an agreement with the e-commerce giant.

According to sources familiar with the matter, V.K. Rajah — the sole arbitrator in the Amazon vs Future vs Reliance arbitration matter — heard the case on October 16.