Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay
2 years, 10 months ago

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay

The Hindu  

The Supreme Court on Wednesday decided to consider a plea by e-commerce giant Amazon against a Delhi High Court stay on proceedings before a Singapore arbitral tribunal against Future group's ₹ 24,500 crore proposed deal with Reliance. The Hindu podcast | The battle between Reliance and Amazon for the Future of Indian retail A three-judge Bench led by Chief Justice of India N.V. Ramana issued notice to Future Group companies, Future Retail Limited and Future Coupons Private Limited, among other parties. The High Court had also stayed a single judge's January 4 order that had dismissed the Future Group's two pleas seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against the former's deal with Reliance, to take a decision on its application for terminating the arbitration proceedings before moving further. Amazon and the Future Group have been locked in a bitter legal tussle after the U.S. e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre in October 2020.

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