![]() A Shareholders' Agreement dated 12th August, 2019, was entered into amongst the Biyani Group, i.e., Respondents No. Three agreements were entered into between the parties. The seat of the arbitral proceedings is New Delhi, and as per the arbitration clause agreed upon by the parties, SIAC Rules apply.Ģ.3. 1 to 13 are hereinafter collectively referred to as the " Biyani Group".Ģ.2. 12 and 13 – Future Corporate Resources Pvt. Vivek Biyani, who are promoters and shareholders of FRL 4 to 7 and 9 to 11 – other members of the Biyani family, namely, Ms. Kishore Biyani, Executive Chairman and Group CEO of FRL Ltd., a company that holds 9.82% shareholding in FRL and is controlled and majority-owned by Respondents No. (ii) Respondent No.2 – Future Coupons Pvt. (i) Respondent No.1 – Future Retail Limited, India's second-largest offline retailer 960 of 2020 commenced by Amazon against Respondents No. This order was passed in arbitration proceedings being SIAC Arbitration No. Proceedings were initiated by the Appellant, NV Investment Holdings LLC before the High Court of Delhi under Section 17(2) of the Arbitration Act to enforce the award/order dated 25th October, 2020 of an Emergency Arbitrator, Mr. The brief facts necessary to appreciate the context in which these two questions arise are as follows:Ģ.1.
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