SIAC Awards INR 24 Cr Damages To Amazon In Future Legal Saga

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SUMMARY

The SIAC ruled that the Kishore Biyani-led retailer breached its existing contractual obligations towards Amazon when the Future Group entered into an agreement with Reliance in 2020

Of the nearly INR 125 Cr legal expenses incurred by Amazon, the SIAC awarded INR 77 Cr towards legal costs and an additional INR 6 Cr towards arbitration fees

In 2020, Amazon initiated arbitration proceedings against the debt-laden retail giant as Reliance began its takeover of the Future…



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SIAC Awards INR 24 Cr Damages To Amazon In Future Legal Saga


SUMMARY

The SIAC ruled that the Kishore Biyani-led retailer breached its existing contractual obligations towards Amazon when the Future Group entered into an agreement with Reliance in 2020

Of the nearly INR 125 Cr legal expenses incurred by Amazon, the SIAC awarded INR 77 Cr towards legal costs and an additional INR 6 Cr towards arbitration fees

In 2020, Amazon initiated arbitration proceedings against the debt-laden retail giant as Reliance began its takeover of the Future…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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