Justice Mukta Gupta issued summons to Amazon, Future Coupons Pvt Ltd ,its affect Reliance Retail on the idea of an interim order by a Singapore arbitrator. Justice Mukta Gupta issued summons to Amazon.
Future Coupons Pvt Ltd (FCPL) and Reliance Retail Ltd (RRL) on the FRL suit and asked them to file their written statements within 30 days. The court also said that the difficulty of maintainability of the suit, raised by Amazon, would be kept open. The order was passed after hearing day-long arguments on behalf of FRL, FCPL, Reliance, and part arguments by Amazon.
on October 25, passed an interim order in favour of Amazon barring FRL from taking any step to eliminate or encumber its assets or issuing any securities to secure any funding from a restricted party.
Subsequently, Amazon wrote to plug regulator SEBI, stock exchanges, and Competition Commission of India (CCI), urging them to require into consideration the Singapore arbitrator’s interim decision because it may be a binding order, FRL told the supreme court .
FRL has urged the supreme court to restrain the US-based e-commerce major from writing to SEBI, CCI, and other regulators about SIAC’s order, saying it amounts to interfering with the agreement with RIL.
