Amazon-Future's S'pore arbitration case: Delhi HC stays

Amazon-Future's S'pore arbitration case: Delhi HC stays

06 January 2021, Mumbai:

Takes Note Of Some CCI Findings Against US E-Tailer Amazon

Prima Facie There's A Case In Future Group's Favour: HC

Taking note of some of the findings of the Competition Commission of India (CCI) against Amazon, the Delhi high court on Wednesday stayed the Amazon Future arbitration before a Singapore tribunal.

Amazon-FRL Case : Delhi High Court To Proceed With Single Bench Order If No  Stay Granted By SC To Future Group

A bench of Chief Justice DN Patel and justice Jyo- ti Singh cited certain paragraphs in the CCI order on "suppression of material facts by Amazon to underline that there is a prima fa-cie case in favour of Future Retail (FRL) and Future Coupons (FCPL) and if a stay is not granted, it will cause an irreparable loss to them.

The HC said the balance is also in favor of appellants and further stayed the order passed by a single judge.

The arbitration is going on before a three-member arbitral tribunal over the Future group's Rs 24,500- crore deal with Reliance.

SOURCE: TOI Dt 06-01-2021

(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.

Author’s Posts