Verdict on Amazon arbitration plea over Rs 24,713 cr Future-RIL deal expected in few days

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

According to sources familiar with the matter, VK Rajah – the sole arbitrator in the Amazon vs Future vs Reliance arbitration matter – heard the matter on October 16.