Supreme Court agrees with contentions of Amazon and Future to resolve the dispute amicably amongst themselves through an informal dialogue and adjourn the matter for 10 days
The Delhi High Court has adjourned the hearing into the case dealing with the dispute between e-commerce giant Amazon and Kishore Biyani's Future Group for hearing on Monday.
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The outgoing year saw the working of the courts hit by the second wave of Covid-19. Despite that, the Apex Court continued with virtual hearings and then physical hearings as things began to get better until Omicron came calling.
The Supreme Court on Thursday stayed the proceedings in the dispute between Amazon and Future Retail Limited (FRL) pending before the Delhi High Court for four weeks.
In a keenly awaited verdict, the Supreme Court held that Singapore’s Emergency Arbitrator (EA) award was enforceable in a plea filed by e-commerce giant Amazon against the Rs 24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.
The Supreme Court on Monday refused to stay inquiry against e-commerce giants Amazon and Flipkart by the Anti-Competitive Commission for alleged Competition Law Violations, stating "Big Corporates like Amazon and Flipkart should be subject to transparency and inquiry."