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Amazon vs Future Retail reaches Supreme Court, here’s all you need to know about the case

Amazon's counsel began his arguments by going over the history of the legal dispute and submitted that Future Retail had been a direct beneficiary of Amazon's investment.  The Supreme Court on Tuesday began hearing arguments on the legal battle between Future Retail and Amazon, Bar and Bench reported. The court is hearing a plea by Amazon against a Delhi High Court order which stayed an earlier order that restrained Future Retail from going ahead with its sale to Reliance. Why this matters? Both Reliance and Amazon are trying to expand their online and offline retail offerings. Reliance is trying to acquire Future Retail to do this, while Amazon is trying to prevent this deal from happening. The Future vs Amazon legal battle has been going on since October 2020 and the Supreme Court's verdict could be the final say in who gets their way. Future vs Amazon: Brief timeline of events November 2019 - Amazon acquired a 49 percent stake in Future Coupons, a promoter company that owns about 7.3 percent stake in Future Retail. August 2020 -  Reliance announced that it will acquire most of Future Group's retail, wholesale, and logistics business in a deal worth Rs 24,713 crore. Amazon objected to the Reliance deal in October saying that its agreement with Future Coupons had a non-compete-like pact and right of first refusal against deals with competitors like Reliance Retail. October 25, 2020 - Amazon obtained an emergency arbitrator's order against the Future-Reliance deal from a Singapore arbitration tribunal. November 7, 2020 - Future Retail moved to Delhi…

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