News > Delhi High Court Stays Amazon-Future Arbitration Over Reliance Deal
Delhi High Court Stays Amazon-Future Arbitration Over Reliance Deal
M | 05/01/2022 08:40 PM | Click to read full article
The Delhi high court on Wednesday stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter’s Rs 24,500-crore deal with Reliance.
A bench of Chief Justice D.N. Patel and Justice Jyoti Singh said there is a prima facie case in favour of appellants Future Retail Ltd (FRL) and Future Coupons Pvt Ltd (FCPL) and if a stay is not granted, it will cause an irreparable loss to them.