Recently, Amazon filed a petition seeking enforcement of the emergency award restraining ‘Future’ Group from going ahead with the deal with Reliance Retail. For the interim solution, Amazon prayed to the court to stop Kishori Biyani and his companies to take any further steps in making the deal. Also, Amazon has sought the enforcement of its Emergency Award which was passed in accordance to SIAC Rules under Section 17(2) of the Arbitration & Conciliation Act. They further contended that the Future Group, Kishore Biyani and other Promoters and Directors have “deliberately and maliciously” disobeyed the Emergency Award.
In Reply, the Future Group called the prayer an abuse and argued that the emergency award cannot be passes as the order was passed by a Single judge in the suit.
To this, the Delhi High Court suggested both Amazon and Future Retail Ltd (FRL), in the case of Amazon.com NV Investment Holdings LLC v. Future Coupons Pvt Ltd & Ors., to settle their dispute outside the court, if possible. According to the court, In commercial matters, it always helps to find a solution and resolve the issue.
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