MUMBAI: The Delhi High Court on Tuesday dismissed Future Retail’s plea seeking to declare illegal arbitration proceedings with its rival partner Amazon.
The decision came after Future urged a New Delhi judge that the antitrust agency had suspended a 2019 deal by Amazon to claim rights over Future, with no legal basis for continuing arbitration between the two parties. Was.
Justice Amit Bansal in the Delhi High Court on Tuesday said the filing was dismissed without giving any further details.
A written order will be issued later on Tuesday.
Amazon and Future have been locked in a legal battle for several months. The US company has successfully used the terms of its $200 million investment in the Future unit in 2019 to thwart an Indian retailer’s attempt to sell its retail assets to a rival. Reliance IndustriesAlleged breach of certain contracts.
Future denies any wrongdoing.
The decision came after Future urged a New Delhi judge that the antitrust agency had suspended a 2019 deal by Amazon to claim rights over Future, with no legal basis for continuing arbitration between the two parties. Was.
Justice Amit Bansal in the Delhi High Court on Tuesday said the filing was dismissed without giving any further details.
A written order will be issued later on Tuesday.
Amazon and Future have been locked in a legal battle for several months. The US company has successfully used the terms of its $200 million investment in the Future unit in 2019 to thwart an Indian retailer’s attempt to sell its retail assets to a rival. Reliance IndustriesAlleged breach of certain contracts.
Future denies any wrongdoing.
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