Future-RIL deal: Arbitral award is valid, binding: Amazon to HC

Seeking dismissal of the Future Retail’s (FRL) petition for restraining Amazon from approaching regulatory bodies like the Competition Commission of India (CCI) and the Securities and Exchange Board of India (Sebi) to stall the Future group’s transaction with Reliance Retail, the e-commerce firm on Wednesday told the Delhi High Court that the Singapore International Arbitration Centre’s (SIAC) award is valid and legal as all the parties had agreed to arbitration.