Home Jurisdiction General announcement :: Partial award on jurisdiction – SIAC arbitration n ° 960 of 2020

General announcement :: Partial award on jurisdiction – SIAC arbitration n ° 960 of 2020



20e October 2021


Registration service

Corporate Services Department (CRD)

BSE limited

India National Stock Exchange Limited

Phiroze Jeejeebhoy Tours,

Bandra Kurla Complex,

Dalal Street,

Bandra East,

Bombay – 400,001

Bombay – 400,051

Subscription code: 540064


Debt Code: 958809, 958810 & 959518

Dear Sir Madam,

Ref: Disclosure under Regulation 30 and other applicable regulations of SEBI Regulations (Listing and other Disclosure Requirements), 2015

Sub: Partial award on jurisdiction – SIAC arbitration n ° 960 of 2020

Following our previous information, we would like to inform that the lawyers of the Company have received a partial sentence dated 20e October 2021 from the Singapore International Arbitration Center in SIAC Arbitration No. 960 of 2020 on the company’s jurisdictional objection request.

The arbitral tribunal rendered a partial award rejecting the request for a jurisdictional exception and among others decided the following:

The Tribunal made only two final and conclusive findings concerning the three Agreements: (i) each of the Parties is bound by the FCPL SHA Arbitration Agreement, including FRL notwithstanding its non-signatory status, and (ii) FCPL SHA Arbitration The agreement extends to disputes under the FRL SHA and SSA.

Although the Tribunal made no final and binding conclusions on the effectiveness of the substantive provisions contained in the three agreements, the Company would decide its future course of action on the basis of legal advice and remedies available at law.

The above is for your information and your record. This may be treated as a disclosure under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India Regulation 2015 (Listing Obligations and Disclosure Requirements).

Thank you,

Yours faithfully,

For Future Retail Limited

Virendra Samani

Company Secretary

  1. : Singapore Exchange Securities Trading Limited 2 Shenton Way, # 02-02,SGX Center 1. Singapore -068804

Future Retail Limited (Formerly Bharti Retail Limited)

Headquarters: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P +91 22 4055 2200, F +91 22 4055 2201, www.futureretail.co.in

CIN: L51909MH2007PLC268269


Future Retail Ltd. published this content on 21 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 20, 2021 07:41:03 PM UTC.



Please enter your comment!
Please enter your name here