New Delhi: The court on Tuesday dismissed Future Retail’s plea seeking to declare illegal arbitration proceedings with its affiliate Amazon.com Inc.
Future said in court that India’s antitrust agency had suspended a 2019 deal used by Amazon to claim rights over Future, after which there was no legal basis for the two parties to continue arbitration Was.
Justice Amit Bansal in the Delhi High Court on Tuesday said the filing was dismissed without giving any further details.
A written order will be issued on Tuesday.
Amazon and Future have been locked in a legal battle for several months. The US company has successfully used the terms of its $200 million investment in the Future unit in 2019 to attempt to sell retail assets to Indian retailer rival Reliance Industries, alleging breach of certain contracts.
Future denies any wrongdoing.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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