Future Retail Ltd (FRL) on Saturday has said it has approached the Delhi High Court looking for an action against the arbitration order passed by the Singapore International Arbitration Centre (SIAC) in respect to the INR 24,713-crore deal with Reliance Industries. The Future group firm has litigated that Amazon is "misusing" the interim order passed by an emergency arbitrator of the Singapore International Arbitration Centre (SIAC) on October 25, 2020. 

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Recently, an interim order has been passed by the SIAC which is in favour of Amazon barring FRL from taking "any step to dispose of or encumber its assets or issuing any securities" to secure any funding from a restricted party. "The company has filed necessary suit in the Delhi High Court on November 7, 2020 in relation to seeking necessary reliefs against Amazon.com NV Investment Holdings LLC (Amazon) from interfering with the transaction by misusing an interim order dated October 25, 2020 issued by an emergency arbitrator, appointed by the SIAC," the company said.

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The Future Group firm sources say, the interim order is passed by the SIAC in an arbitration proceeding which was initiated by Amazon inter-alia against the company under an agreement, wherein the "company is not a party to the agreement". "The company has inter alia made all entities parties to the suit which were parties to the arbitration proceedings, this includes the promoters of the company. It may be noted that the reliefs sought in the suit are only against Amazon," it said.

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