The Delhi Excessive Court docket on Tuesday dismissed Future Group’s plea looking for termination of the arbitration proceedings initiated by Amazon earlier than the Singapore Worldwide Arbitration Court docket (SIAC), as reported by Bar and Bench.
Justice C Hari Shankar mentioned that he has not expressed any opinion on the deserves of the arguments raised by the events and that the arbitration earlier than the SIAC will proceed.
On November 17, the Supreme Court docket (SC) had mentioned that it will not enable stalling of arbitrary proceedings earlier than the SIAC.
“You (Future group and others) can not maintain stultifying the continuing earlier than the arbitral tribunal and that is only a ploy to delay the continuing. These are all ploys by well-heeled events to delay the arbitration continuing. Your consumer is making an attempt to be too intelligent by half,” a bench comprising Chief Justice of India DY Chandrachud and Justices Hima Kohli and JB Pardiwala had mentioned.
Amazon is reportedly not within the favour of stalling the arbitral proceedings. The Future Group in October filed a plea within the Delhi Excessive Court docket to problem the choice of the Arbitral Tribunal to place a keep on the ultimate hearings.
Future Group argued that the tribunal’s order was a “stark abdication of jurisdiction” because the SC had already ordered to cross the orders.
“This strategy has in essence rendered the hearings on the termination purposes an train in redundancy for it’s the similar arguments and pleading which shall be regurgitated within the remaining listening to, placing the Petitioners to appreciable prejudice by way of value as additionally time,” mentioned the plea mentioned, in accordance with LiveLaw.
Amazon later moved the SC asking for permission to get the arbitration proceedings restarted earlier than the tribunal. It was on this case that CJI DY Chandrachud mentioned that the Future Group was aspiring to stall the proceedings.