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Why the Delhi High Court declined to interfere in the arbitration proceedings between Future Retail and Amazon

The long-standing dispute between Future Retail and Amazon is before a tribunal that is set to call expert witnesses soon.

The Delhi High Court on January 4 dismissed pleas filed by Future Retail and Future Coupons to stop the arbitration proceedings with Amazon. The Court ruled that the arguments made by Future held no merit and it will not interfere in the proceedings of the Singapore-based Arbitration Tribunal. The tribunal scheduled hearings of expert witnesses in the Future vs Amazon case between January 5 to January 8, but Future requested the tribunal to adjourn these hearings and instead consider the termination application filed by them in light of the recent order issued by the Competition Commission of India (CCI) suspending the approval it gave for Amazon’s investment in Future Coupons in 2019. Since the tribunal refused to accept these requests, Future had sought the intervention of the Delhi High Court. Amazon has so far used its investment in Future Coupons to block the sale of Future Retail to Reliance, rendering the CCI order a major setback for the company. Against this backdrop, the Delhi High Court's ruling will offer a reprieve for the US e-commerce giant as the arbitration proceeding can now take its due course. Why did the court dismiss Future's petitions? In its 21-page order, the court provided the following reasons for dismissing the petitions filed by Future Retail and Future Coupons: The Arbitral Tribunal has been accommodating towards all parties: Based on the evidence submitted and examples cited below, Justice Amit Bansal noted that the Arbitral Tribunal has been accommodating towards all parties: Date of hearing for terminal application has…

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