Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Amazon has petitioned India’s Supreme Court to lift the halt on an arbitration case against Future Retail’s asset sale to Reliance Retail. This comes after Future Retail moved the high court to stop the arbitration by Singapore’s tribunal proceedings. Sources said that Amazon has also petitioned the National Company Law Appellate Tribunal, (NCLAT), India’s antitrust body to challenge a December ruling that suspended its investment in a Future group firm.

Future Retail’s dollar bonds were flat with its 5.6% 2025s at 60.57.

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