SIAC awards ₹23.7 Cr to Amazon in Future Group dispute and ₹77 Cr towards Legal Costs of the Arbitration
The Amazon-Future Group dispute originated from Amazon’s 2019 investment of ₹1,431 crore to acquire a 49% stake in Future Coupons Private Limited (FCPL), a subsidiary of Future Group. This investment was designed to give Amazon indirect access to Future Retail Limited (FRL), India’s second-largest retail chain operating Big Bazaar stores, since foreign companies face restrictions…