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India's Future Retail says Amazon dispute order not binding on company

India's Future Retail says Amazon dispute order not binding on company

India's Future Retail Ltd (FRL) said on Sunday that a Singapore arbitrator's order in its dispute with Amazon.com Inc is not enforceable under Indian law and not binding on the company. Amazon on Oct. 25 won an injunction from the arbitrator to halt FRL's deal to sell its retail assets to Reliance Industries for $3.4 billion, arguing the Indian retail group had violated certain pre-existing agreements it had with the U.S. e-commerce giant.

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