Delhi high court order reserved in Future retail deal
The Delhi high court on Friday reserved an order on an application by Future Retail seeking to prevent Amazon from interfering in the deal with Reliance following an interim order passed by the Singapore International Arbitration Centre (SIAC).
Justice Mukta Gupta asked the parties to give written submissions, if any, by November 23.
During the hearing, senior advocate Gopal Subramanium, representing Amazon, said under the SIAC rules, an emergency award is binding on the parties subject to a challenge. He argued that until the parties get it set aside, it is like an order of the court.
Subramanium said all the defendants except Reliance were party to the arbitration.
Senior advocate Harish Salve, appearing for FRL, said an arbitrator is one who is entitled to decide the dispute and an emergency arbitrator cannot act as an arbitrator.