BENGALURU: Amazon is likely to move a new petition in the Delhi high court in the ongoing battle against Future Group over the sale of the latter’s retail business to Reliance.
According to two people aware of the matter, this could happen as early as this week. Arbitration proceedings are set to start at Singapore International Arbitration Centre (SIAC) later this month for a final order on the dispute.
“Amazon will file a new petition following the high court’s observations last month. Some of the issues in the Future dispute were left open-ended and Amazon wants to get them addressed,” a person aware of the matter said.
Meanwhile, SIAC has prepared the panel that will deliver its final judgment on the Rs 24,700-crore deal.
SIAC’s previous ruling in late October gave interim relief to Amazon by asking the Kishore Biyani-led Future Group to not go ahead with its merger with Reliance. This interim ruling is valid for 90 days.
An Amazon India spokesperson did not immediately respond to TOI.
Amazon has also written to market regulator Sebi that the Reliance-Future deal should not be approved in the light of the SIAC order.
The high court in its order last month had said Amazon was free to write to regulators objecting to the deal and that the emergency arbitration order was valid in India.
The court added it was up to the regulators to decide on the deal. Future had approached the court to stop Amazon from “misusing” the Singapore interim order and “interfering” in the Reliance-Future deal.