The Delhi High Court on January 5 halted the arbitration proceedings between Future Group and Amazon currently taking place at a Singapore arbitration tribunal. Only a day earlier, the Court refused to stop the proceedings stating that the arguments made by Future held no merit and does not warrant interference in the proceedings of the tribunal. Read: Why The Delhi High Court Declined To Interfere In The Arbitration Proceedings Between Future Retail And Amazon The tribunal had 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. The CCI order has been a major setback for Amazon as the company has so far used its investment in Future Coupons to block the sale of Future Retail to Reliance. The latest decision by the Delhi High Court deals yet another blow to the US e-commerce giant. Why did the Delhi High Court change its decision? Future Retail's arguments: Future Retail on Wednesday appealed the dismissal order issued by single-judge Justice Amit Bansal on Tuesday arguing the following: CCI order makes arbitration a nullity: Senior Advocate Mukul Rohatgi, appearing for Future Coupons, reiterated that the CCI…
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