The Kishore Biyani-led Future Group, which has been locked in a conflict with Amazon over selling most of its retail business to Reliance Retail for ₹24,713 crore, urged stock exchanges on Sunday to ignore the e-commerce giant's objections to the deal. In a letter to the National Stock Exchange and the Bombay Stock Exchange, the retail conglomerate argued that an emergency stay on the transaction obtained by Amazon by the Singapore International Arbitration Center had no legal force in India. "[Future Retail Limited] is advised that an Emergency Arbitrator has no legal status under Part I of the Indian Arbitration and Conciliation Act 1996 and therefore, the proceedings before an “Emergency Arbitrator” are void and coram non‐judice," the Future Group said in the letter, signed by the group's Company Secretary and legal chief Virendra Samani. Coram non-judice means that the…
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