Amazon’s Reply on Future Retail’s Reliance Deal Interference Plea Sought by Delhi High Court

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open.

By Press Trust of India | Updated: 10 November 2020 18:03 IST

Amazon’s Reply on Future Retail’s Reliance Deal Interference Plea Sought by Delhi High Court

The order was passed after hearing day-long arguments on behalf of Future Retail, Reliance, and Amazon

Highlights

SIAC, on October 25, passed an interim order in favour of Amazon
Subsequently, Amazon wrote to SEBI, stock exchanges, and CCI
Future Retail has urged the high court to restrain Amazon

The Delhi High Court Tuesday sought Amazon's response on a plea by Kishore Biyani led Future Retail alleging that the e-commerce major was interfering in its deal with Reliance Retail on the basis of an interim order by a Singapore arbitrator.

Justice Mukta Gupta issued summons to Amazon, Future Coupons, and Reliance Retail on the Future Retail suit and asked them to file their written statements within 30 days.

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open.

Amazon Dispute Order Not Binding, Says Future Retail on Reliance Deal

The order was passed after hearing day-long arguments on behalf of Future Retail, Future Coupons, Reliance, and part arguments by Amazon.

The arguments on behalf of Amazon will continue on Wednesday.

The Singapore International Arbitration Centre (SIAC), on October 25, passed an interim order in favour of Amazon barring Future Retail from taking any step to dispose of or encumber its assets or issuing any securities to secure any funding from a restricted party.

Future Retail Will Go Into Liquidation if Reliance Deal Fails, Company Says

Subsequently, Amazon wrote to market regulator SEBI, stock exchanges, and Competition Commission of India (CCI), urging them to take into consideration the Singapore arbitrator's interim decision as it is a binding order, FRL told the high court.

Reliance-Future Deal Said to Be Put on Hold as Amazon Wins Arbitration Order

Future Retail has urged the high court to restrain the US-based e-commerce major from writing to SEBI, CCI and other regulators about SIAC's order, saying it amounts to interfering with the agreement with Reliance.

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