Relief for Future Group: Delhi HC puts on hold Singapore arbitration with Amazon
The HC said that after the Competition Commission of India (CCI) order against Amazon, case prima facie in favour of Future.
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The HC said that after the Competition Commission of India (CCI) order against Amazon, case prima facie in favour of Future.
In October last year, the high court had refused to stay the arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained Future Group from going ahead the deal with Reliance.
The Delhi High Court agreed to hear Future Group’s petition seeking the termination of Amazon's case before an arbitral tribunal in Singapore.
Traders’ body CAIT has written to the commerce minister Piyush Goyal asking for suspension of Amazon operation in India after CCI's ruling.
CCI has temporarily suspended the Amazon-Future Coupons deal from 2019 in a major setback to the US-based ecommerce major.