
Photo: Republic World
Supreme Court Holds Singapore's EA Award In Favour Of Amazon
The Supreme Court in its August 6 verdict restrained the Rs 24,713 crore Future Group-Reliance Retail deal. SC drew the verdict favoring the US-based e-commerce giant Amazon by holding that Singapore's Emergency Arbitrator (EA) was credible under the Indian law and can be implemented. Amazon challenged the Delhi High Courts' decision in the SC which certified the deal between Future Group and Reliance.