Amazon had earlier sent the notice to Future Coupons alleging violation of contractual obligations by announcing a deal with Reliance Retail.
Amazon has won the first round of the legal battle to stop Future Retail’s Rs25,000 odd cr sale to Mukesh Ambani’s Reliance Retail. Amazon has got a favourable interim ruling from the sole arbitrator in Singapore.
Confirming this, an Amazon spokesperson said: “We welcome the award of the Emergency Arbitrator. We are grateful for the order which grants all the reliefs that were sought. We remain committed to an expeditious conclusion of the arbitration process.”
Team RYR&Co.
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