Also Read | Inside the rumble in India’s coding jungleFRL ran into a severe cash crunch soon after the nationwide lockdown imposed to curb the coronavirus outbreak.
It cut a deal with Reliance Industries Ltd (RIL) to sell assets for ₹24,713 crore.Then, Amazon dragged Future to arbitration at SIAC claiming that its contract with the unlisted FCL barred a transaction with a number of persons and companies, including Reliance.Amazon has also written to markets regulator Sebi and stock exchanges, urging them to take into consideration the Singapore arbitrator's interim judgement that has put on hold the ₹24,713-crore deal between Future group and RIL while reviewing the proposed transaction.Last week, Competition Commission of India (CCI).