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

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…