Amazon awarded ₹23.7 crore in damages, ₹77 crore towards legal costs by Singapore arbitration body in Future Group case

Amazon has been awarded a sum of ₹23.7 crore by the Singapore International Arbitration Centre (SIAC) in damages linked to the tech giant’s prolonged battle with Kishore Biyani-led Future Group, a new report has said.

As per a report by Bar and Bench, the SIAC ruled that Future Group had breached its contractual obligations to Amazon when it entered into an agreement with Reliance, which was in violation to the terms of the pre-existing agreement.