Amazon challenges SC that HC stays arbitration with Future: Report – World Affairs SRS

Amazon challenges SC that HC stays arbitration with Future: Report

– World Affairs SRS

In a new development in the Amazon vs Future Group legal battle, the global e-commerce company has moved the Supreme Court against the Delhi High Court order that stayed the ongoing arbitration proceedings with Future Group. Company.

According to sources aware of the developments, a special leave petition challenging the Delhi High Court order has been filed in the Supreme Court. The source said the lawyers are trying to list the matter for this week.

On 5 January, the Delhi High Court stayed the further arbitration proceedings between the parties before the Singapore Tribunal till 1 February.

A bench headed by Chief Justice DN Patel and Justice Jyoti Singh issued notice on two appeals filed by Future Retail Ltd and Future Coupons Pvt Ltd. The notice has been made refundable on February 1, 2022. The court has also banned a single judge. The order, which dismissed Future Group’s plea against two orders passed by the tribunal. Future Group sought to end the arbitration proceedings set up by Amazon.

Referring to the Competition Commission of India (CCI) order, the High Court held that a prima facie case is made out in favor of the appellants, and it will stay the further proceedings of the tribunal till the next date of hearing.

Senior advocate Mukul Rohatgi, representing Future Coupons Pvt Ltd, referred to the CCI order, which stayed the approval granted for Amazon’s deal with Future Group, and said that since the approval has expired, the settlement will be automatically loses its value. He argued that the single judge of the High Court had failed to appreciate the application and also the fact that the settlement would have no effect after the CCI order.

Senior advocate Gopal Subramaniam, appearing for Amazon, had argued that it is not fair to say that the tribunal is not taking cognizance of the application for quashing the arbitration proceedings.

Future Group has moved the High Court seeking a direction to the Singapore Tribunal to hear the termination application before the scheduled hearing in the arbitration case.

In December last year, CCI imposed a fine of Rs 202 crore on Amazon and suspended its approval for the e-tailer’s deal with Future Coupons, a promoter firm of the group’s publicly listed company Future Retail Ltd, and more information was sought. The Singapore Tribunal had held that it could not accommodate its termination application before the scheduled hearing on the main matter.

Referring to the CCI order, Future Group argued that the settlement provided for the arbitration proceedings itself is void and as such, the ongoing proceedings would also be irrelevant. Amazon countered this, saying that arbitration and the underlying contract are independent of each other, and also cited legal options such as appeals available against the CCI’s order.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

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