Amazon-Future dispute: Kishore Biyani may look for mutual settlement
Time running out for Future Group, which has defaulted on debt payments
Akshay Jaitly |
Last Updated at December 11, 2020 15:04 IST
Kishore Biyani-led Future group might consider resolving its dispute, arising out of its deal with Reliance Retail, amicably with erstwhile partner Amazon.
This comes as the latter is looking to enforce the stay order granted by the Singapore International Arbitration Centre on Sunday, asking Future group to not proceed with the deal. But with time running out for the debt-laden Future group, which has defaulted on payments to lenders, a mutual settlement appears to be the best option, said lawyers and experts Business Standard spoke to. “Future group will look for an ...
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First Published: Tue, October 27 2020. 13:03 IST