Keep 'East India Company' rhetoric aside, Amazon invested $6.5 bn: Lawyer

The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems


In August, Kishore Biyani-headed retail conglomerate Future Group struck a Rs 24,713-crore asset sale deal with Mukesh-Ambani led Reliance Industries Ltd (RIL).

Peerzada Abrar Bengaluru
The lawyer for e-commerce giant Amazon on Friday told the Delhi High Court that the submissions by the legal counsel of Future Retail (FRL) are flawed because they overlook the premises of arbitration law. The counsel contended that arbitration is founded on the consent of parties and hence an agreement.

The Delhi High Court is hearing Future Retail's suit related to its deal with Reliance. It was recently halted by an Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC) in favour of Amazon. The arguments from the legal counsels of the companies continued on the fifth day. The matter was heard by Justice Mukta Gupta. The arguments were heard in interim application and the judgment is reserved, according to

First Published: Nov 20 2020 | 9:11 PM IST

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