In a win for Amazon, Delhi High Court stays Future-Reliance deal
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In a major win for Amazon, the Delhi High Court on Thursday upheld the decision of a Singapore-based single judge arbitration panel, which had ruled against a Rs 24,713 crore deal between Reliance Retail and the Future Group. The single-judge bench of Justice JR Midha held that the ‘Emergency Award’ passed against the deal in October 2020 was applicable under Indian law, and the Future Group was therefore liable for consequences.