Delhi HC Dismisses Future Group's (FRL) Petitions on Amazon Arbitration Case

03 January 2022, Mumbai:

BIYANI COS HAD SOUGHT TERMINATION OF PROCESS

The Delhi High Court dismissed two petitions by Future Group seeking that a Singapore tribunal is directed to hear its plea on terminating the arbitration initiated by Amazon, ahead of final proceedings scheduled this week on the case.

Future Retail Ltd (FRL) and Future Coupons Pvt Ltd (FCPL) had approached the Delhi court with separate petitions calling upon it to ask the Singapore International Arbitration Centre (SIAC) to give precedence to its December application for terminating the process instead of completing the remaining hearings as scheduled in the year-long arbitration.

"Both the petitions are dismissed." justice Amit Bansal ruled on Tuesday, a day after hearing arguments from the petitioners and Amazon's lawyers".

SOURCE: ET Dt 05-01-2022 (The news article has not been edited by DFU PUBLICATIONS staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. 

Subscribe to our newsletter.