Plea seeking injunction on Amazon’s ‘Interference’ in a deal with Reliance Retail

The Delhi High Court issued notice on a plea by Kishore Biyanni-led Future Retail Ltd. Seeking an ad interim injunction against Amazon in sending letter to various regulatory authorities writing about an injunction award by an Emergency Arbitrator against Future Retail Ltd’s acquisition by Reliance Industries Ltd’s entities about Rs. 24,173 crores.
The Single Bench Justice Mukta Gupta after hearing issued summon to Amazon Inc. subject to the question of maintainability of the suit, directed the parties to file their replies within 30 days and replication within 3 weeks. The case related to deal between Reliance-Future Retail under which, Future Retail was to sell its Retail, wholesale and logistic warehousing units to Reliance Retail and Fashion Ltd – a wholly owned subsidiary of Reliance Retail Ventures Ltd. Thus a injunction was awarded to Amazon’s deal by emergency arbitrator. Though the Future Retail stated before the court that it did not accept the order passed by the Emergency arbitrator.
FRL also laid down that Amazon was not party to agreement with its own shareholders and Amazon was not its shareholders it was merely shareholder of FCPL and could not deny FCLs right to enter into an agreement with reliance. Sr. Adv. Harish Salve appearing for FRL stated that FRL has no relationship with Amazon if it does it has violated the law and the balance of convenience was in its favour because of its deal with Reliance wasn’t allowed to go through. The court also heard the arguments of Sr. Adv. Mukul Rohatgi and after going through the arguments back and forth. The court stated that it will continue hearing Mr. Subramanium ‘s arguments appearing for Amazon later.

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