Delhi HC allows Future Group’s arbitration to continue

The Delhi High Court on Tuesday dismissed pleas moved by Kishore Biyani’s Future Coupons Private Limited (FCPL) seeking termination of arbitration proceedings moved by e-commerce platform Amazon before Singapore International Arbitration Centre over Future Retail Ltd.’s (FRL’s) Rs 24,731 crore merger deal with Reliance Retail.

A single judge bench of Justice C Hari Shankar observed, “It is clarified that I have not expressed any opinion on the merits of the controversy between the parties and that the arbitral proceedings may continue unimpeded and uninfluenced by any observation contained in this judgment”.