Future Group defiant, Says Singapore arbitrator’s order not binding
Shortpedia
Content Team
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A week after the Singapore International Arbitration Centre (SIAC) order to put the INR 24,713 Cr deal between Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance Retail Ltd. on hold, the Future Group said that the emergency arbitrator’s order is not enforceable under Indian law and is not binding on the company. Future Retail said that it is in the process of taking appropriate legal action to protect its rights.
