Delhi HC dismisses Future Retail’s plea against Amazon – Times of India
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MUMBAI: The Delhi high court on Monday dismissed Future Retail‘s plea that sought to restrain its partner Amazon from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the US online retailer.
In October, Amazon had won an injunction to halt Future’s deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India’s market regulator.
Amazon cannot be barred from writing to regulators on account of potentially irreparable damage, Justice Mukta Gupta of the Delhi HC said in the verdict.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the US online retailer.
In October, Amazon had won an injunction to halt Future’s deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India’s market regulator.
Amazon cannot be barred from writing to regulators on account of potentially irreparable damage, Justice Mukta Gupta of the Delhi HC said in the verdict.
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