RIL deal: HC seeks Future Retail’s stand on Amazon’s plea

RIL deal: HC seeks Future Retail’s stand on Amazon’s plea

New Delhi, January 13

The Delhi High Court on Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon’s plea challenging the prima facie observations by a single judge that the US e-commerce giant’s attempt to control the Indian entity was violative of FEMA and FDI rules.

The court issued notice to FRL, Future Coupons Pvt Ltd, Reliance Retail and the Biyanis seeking their stand on the plea by Amazon against the observations made by the single judge in a December 21, 2020 interim order.

Amazon has sought setting aside of the observations as they have a bearing on its case in arbitration proceedings that were initiated before the Singapore International Arbitration Centre (SIAC).

The US firm has contended that the observations are inconsistent with the findings in the SIAC emergency arbitral order of October 25, 2020 against FRL's asset sale under a Rs 24,713-crore deal with Reliance Retail. — PTI

The case file

  • Amazon has sought setting aside of the observations as they have a bearing on its case in arbitration proceedings that were initiated before the Singapore International Arbitration Centre
  • It said the observations were inconsistent with the findings in the SIAC emergency arbitral order against FRL's asset sale to Reliance Retail

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