Future-Amazon case: Delhi HC Division Bench stays arbitration

Future Retail (FRL) obtained a reprieve from the Delhi High Court’s Division Bench, which on Wednesday stayed the arbitration proceedings initiated by Amazon earlier than a Singapore tribunal.
Staying the arbitration proceedings, which a single-judge bench had refused to remain on Tuesday, the Division Bench acknowledged there’s a “prima facie case” in favour of the Future group firms in view of the Competition Commission of India (CCI) suspending its clearance given to Amazon’s 2019 cope with Future Coupons (FCPL). FRL and FCPL had sought a keep on the arbitration proceedings, which have been scheduled to be held January 5-8.
Meanwhile, as per a PTI report, Future Retail, in a regulatory submitting, stated the Singapore International Arbitration Center (SIAC) terminated the arbitration proceedings after the Delhi HC keep order.