Future Group’s Biyani negotiated pacts, bound by EA award on FRL-Reliance deal: Amazon to SC

Amazon told the Supreme Court on Thursday that the Biyanis of Future Group had negotiated with it to enter into certain agreements and are bound by Singapore’s Emergency Arbitrator (EA) award restraining its Future Retail NSE -1.03 % (FRL) from going ahead with its merger deal with Reliance Retail.

The US-based e-commerce giant reiterated before a bench of justices R F Nariman and B R Gavai that the EA award of Singapore International Arbitration Centre (SIAC), restraining FRL from the Rs 24,713 crore deal with Reliance Retail, is an enforceable award.