Delhi HC stays SIAC arbitration proceedings in Amazon-Future case

Court stays Tuesday's single-judge order dismissing Future Group's petition

Delhi High Court (HC) on Wednesday stayed the Singapore International Arbitration Centre (SIAC) arbitration proceedings in the Amazon-Future case and also stayed a single judge’s order, dismissing Future’s Group’s plea seeking direction to the arbitration tribunal to take a decision on its application for terminating the arbitration proceedings before moving further. The Amazon-Future Group arbitration is going on between a three-member arbitration tribunal over the Kishore Biyani-led company deal with Reliance Retail (RRL) worth Rs 24,500 crore.

Future Group filed appeals before the division Bench of the Delhi HC, challenging Tuesday's order by a single Bench of the Delhi HC. On