In December last year, the Competition Commission of India suspended the approval given by it in 2019, for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd.
The e-commerce platform said the sale of Future Retail assets to Reliance Industries had also been rejected by the Singapore arbitration court.
Last week, Amazon had accused FRL's independent directors of facilitating a 'fraudulent stratagem' of transfer of 835 stores to Reliance Retail Venture.
In a fresh attack on FRL, Amazon has accused FRL independent directors of deliberately overlooking irregularities committed by Future Group and the promoter family.
Through this stratagem FRL allegedly committed fraud against Courts, Tribunals, lenders and the public.
US e-comm giant argued ‘transfer’ of 835 stores by Future Retail to RIL violated Singapore tribunal’s injunction
While more than 75 per cent of shareholders and unsecured creditors supported the deal, FRL did not get the requisite 75 per cent favourable voting from secured creditors.
The leases were taken over by RIL from the original landlords who FRL says terminated their leases over non-payment of dues. RPPMSL then subleased these to FRL.
The bench said. Chief Justice NV Ramana also remarked in a light vein that he hopes to not hear them on this case again.
Amazon-Future retail row: SC disposes off case, arbitration proceedings to begin at Singapore Tribunal
The Supreme Court on Monday had noted that Future Retail Limited and Amazon LLC Holding have agreed to the arbitration proceedings at Singapore International Arbitration Centre (SIAC).
Amazon had moved the top court against the January 5 order of the Delhi High Court, which stayed the proceedings before the arbitral tribunal over Future Retail's merger deal with Reliance Retail.
A single judge of the Delhi HC also held the order was enforceable and yet the transfer of stores had taken place, it alleged.
Subramanium had said that as far as the resumption of the arbitration proceedings is concerned, there is no difference of opinion between Amazon and Future Group.
During the course of the arguments, the court expressed anguish at how many pleas and replies were being filed by both parties.
Amazon-Future dispute: SC to hear US e-commerce major on restraining alienation of FRL's assets on Monday
Senior advocate Harish Salve, appearing for FRL, had said around 374 shops are with the group and it is not going to give those to anybody on its own unless some landlords throw them out.