HC junks Future’s plea on arbitration with Amazon
The Hindu
Firm urged priority to termination plea
The Delhi High Court on Tuesday dismissed pleas by Future Group companies to direct the arbitration tribunal adjudicating on Amazon’s objections against their deal with Reliance, to decide on their termination applications first before continuing with the arbitration proceedings.
Justice Amit Bansal noted the grievance of the Future Group was that in terms of the December 2021 orders of the arbitral tribunal, no date had been fixed for a hearing on their termination applications.
“The said grievance... stands redressed by the subsequent email dated January 1, 2022 of the Arbitral Tribunal in terms of which the date of January 8, 2022 has been fixed for hearing on the termination applications,” he said.
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