Vishal 08 April 2021
Hello Friends,
Hope you all may be aware of the recent Future Retail & Amazon dispute, where the case is to be heared at Supreme Court on 27 April. I want to know, if Amazon loses the case in Supreme Court, can they appeal the verdict at Singapore Arbitration International Court (SIAC). Please advice on the same. It would be really helpful.
Sankaranarayanan (Advocate) 09 April 2021
What is your role in this case sir?
Vishal 09 April 2021
I am an investor, and have invested in Future Group of Companies. But dont know the Corporate Court Rules & Regulations.
Please can you advice me on the same, it would be of great help.
shobanbabu.B (company secretary and Legal) 09 April 2021
The verdict of the Supreme Court cannot be superseded by the SIAC.
Vishal 09 April 2021
Thanks for the revert.
lawyer_rajiv (9811284735) (lawyer) 20 May 2021
as the case pertains to Amazon India, it is governed by Indian Laws and Supreme Court is the final authority in this matter being the Apex Court. However, after the final verdict, in case the party finds that there is an error apparent on the face of record of the judgment, a review petition may be filed in Supreme Court itself. However the hearing in this case is deferred to June 2021.
Archana Pandey 10 January 2022
Yes, they can appeal to the SIAC as SIAC IA Rules 2017 are effective as from 1 January 2017, a specialised set of rules to address the unique issues present in the conduct of international investment arbitration
Anupam Lahiri (Director Central Statistical Office) 26 October 2022
Now Future Retail is under Insolvency. NCLT Mumbai has admitted the insolvency petition.
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