Future Group moves Delhi High Court on dismissal of its termination application by SIAC

The Future Group on Thursday moved the Delhi High Court against the Singapore arbitral tribunal’s order that dismissed its plea for termination of the arbitration proceedings initiated by Amazon against the Rs 24,500-crore merger deal between Future Retail (FRL) and Reliance Retail. The termination of arbitration proceedings was sought on the ground that the Competition Commission of India had in December suspended the 2019 deal between Amazon and Future Coupons (FCPL).