This Judgment may aid in encouraging foreign parties and
MNCs to prefer India as a seat of Arbitration for the disputes
emerging from their business in India write Mayur Shetty, Associate
Partner, Rajani Associates and; Dikshat Mehra, Principal Associate,
Rajani Associates
The Apex Court's recent judgment in a dispute between Amazon
and Future Group provides a much-needed clarity and respite in
relation to enforceability of the awards delivered by Emergency
Arbitrators in a domestic Arbitration.
The Apex Court has held in an Appeal filed by Amazon.com NV
Investment Holdings("Amazon")
against Future Retail
Limited("FRL") &
Ors.
("Judgement") that an award
delivered by an Emergency Arbitrator
("EA") under the SIAC
Arbitration Rules constitutes an enforceable order under the
Arbitration and Conciliation Act 1996
("Act").
