Shares in Future Group companies fell on Wednesday, a day after an Indian court dismissed Future Retail's appeal to declare arbitration proceedings with now estranged partner Amazon.com Inc as illegal.
People exit the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika KulkarniBENGALURU, Jan 5 - Shares in Future Group companies fell on Wednesday, a day after an Indian court dismissed Future Retail'sJustice Amit Bansal at the Delhi High Court said on Tuesday that Future's filings were dismissed. The arbitration proceedings are set to resume this week.
Future Retail on Wednesday appealed again in the Delhi High Court, seeking to declare the proceedings illegal. The case is likely to be heard by a two-judge bench later in the day.
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