However, the Supreme Court intervened, on Future Group’s appeal, and ordered a stay on the proceedings of the ongoing Amazon-Future Retail case before the Delhi High Court. Later on, on September 9, Amazon had approached the Delhi High Court seeking implementation of the emergency arbitrator’s award. The Supreme Court of India in August gave a verdict upholding the validity of the Singapore-based Emergency Arbitrator’s award in India, which blocked the deal between Future Group and Reliance Retail. The bench, however, said it is unable to pass an interim order as the matter is pending before the Supreme Court of India and it would need a clearance from the apex court. Your lordship can certainly pass an order which is aligned with Supreme Court,” he said. “I am seeking an interim order that the Supreme Court order will prevail till the apex court vacates it. Senior counsel Harish Salve appearing for Future Retail requested the court to give an interim order clarifying that Supreme Court’s order and not SIAC’s order would prevail.

Read: Reliance gets NCLT permission to seek creditors’ nod for proposed deal with Future Group Read here: Future Retail must take part in Amazon dispute arbitration, says Singapore panelįollowing the order, Future Group had moved to Delhi High Court seeking a stay on the interim order as well as a nod to proceed with shareholders’ and creditors meeting for its proposed asset sale to Reliance Retail, for which it has already received clearance from the National Company Law Tribunal (NCLAT). SIAC had also held that Future Retail is a party to the matter between Amazon and Future Group, rejecting its (Future Retail's) request to be excluded from the arbitration proceedings. The Singapore-based emergency arbitrator SIAC last week had rejected Future Group’s appeal to vacate the interim stay on the company’s deal with Reliance passed in October last year. The high court asked Amazon to respond on the matter and has scheduled the next hearing for January 4. The Delhi High Court on Friday rejected Future Retail’s plea seeking a stay on the October 21 interim order passed by the Singapore International Arbitration Centre (SIAC).

Future vs Amazon: Delhi High Court rejects Future Retail’s plea seeking stay on Emergency Arbitrator’s order

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