Future Coupons Private Limited & Ors. vs. Amazon.com NV Investment Holdings LLC & Ors.

Civil Appeal · 2022 INSC 183Decided 15 Feb 2022
Civil Appeal Nos. 859-860 of 2022
A.S. Bopanna · Hima Kohli

Background

This order arises from the long-running Future Retail Limited (FRL)-Amazon-Reliance dispute. Amazon, relying on its agreements with Future Coupons Private Limited (FCPL), had obtained an emergency arbitration award in Singapore restraining FRL from proceeding with its asset-sale deal with the Reliance group, and separately sought enforcement of that award through the Delhi High Court. Multiple rounds of litigation followed across the Delhi High Court and Supreme Court concerning enforcement of the award and the parallel approval process for the deal before India's National Company Law Tribunal (NCLT), competition regulator (CCI) and market regulator (SEBI). By this stage, the Supreme Court had already remanded certain enforcement questions back to the Delhi High Court's Single Judge for fresh consideration, and FRL sought to continue NCLT proceedings (needed to formally approve the Reliance deal) in the meantime, citing financial distress and the livelihoods of about 22,000 employees.

Decision Breakdown

The Court, without going into the merits of the underlying dispute, granted FRL liberty to approach the Delhi High Court's Single Judge with an application seeking permission to continue the NCLT approval process beyond the stage it had already reached (the shareholders'/creditors' meetings stage), rather than deciding that question itself. It directed the Single Judge to consider both sides' submissions on this specific issue and pass an appropriate order, uninfluenced by anything said in this order. The Court noted that its earlier order of 1 February 2022 had already remanded the core enforcement disputes to the High Court, and this order simply disposed of the connected appeals by clarifying the procedural path for the pending NCLT process during that remand.

Lesson Learnt

In complex commercial disputes with parallel regulatory and arbitral proceedings, higher courts will often decline to decide procedural questions themselves and instead direct the parties back to the court already seized of the matter, to keep the case's various strands coordinated under one forum rather than issuing piecemeal directions from multiple levels.

Arbitration & Commercial LawSupreme Court of India

Modern Asset v. KNK Constructions Private Limited

The Supreme Court held that an arbitration clause survives termination of the underlying contract (the "doctrine of separability") and that, at the Section 11 reference stage, courts only check for the prima facie existence of an arbitration agreement: deeper questions about the effect of the resolution plan are for the arbitrator. It confirmed that while the IBC's "clean slate" principle extinguishes creditors' claims against the insolvent company once a resolution plan is approved, it does not extinguish the claims the company itself (through its SRA) may have against its own debtors, since the Resolution Professional had not raised a counter-claim on KNK's behalf during the insolvency process. However, noting the inequity of letting KNK recover fresh dues on the same contract while Modern Asset's own claim had been wiped out to 0.72 %, and following its own recent precedent in Ujaas Energy, the Court modified the High Court's order: Modern Asset may raise its extinguished claim in the arbitration solely as a set-off against any amount it is found to owe KNK, but cannot use it to claim any fresh recovery.

Decided 8 Oct 2026Read case
Arbitration & Commercial LawDelhi High Court

S And P Infrastructure Developers (Pvt) Ltd vs. National Highways Authority of India

The Court held that the Joint Registrar's order overlooked an earlier ruling of this Court (M/s URC Construction (P) Ltd. v. Airports Authority of India) establishing that an instrument must be stamped at or before execution, with any delay attracting penalty, not just a top-up payment. Since the Joint Registrar's order was not in line with the Indian Stamp Act, 1899, the Court set it aside. The decree holder's counsel then sought to withdraw the petition with liberty to refile once the stamp duty issue was properly resolved, which the Court granted.

Decided 8 Oct 2026Read case
Arbitration & Commercial LawSupreme Court of India

Shubham Equipment Private Limited & Anr. v. Rothwell Water Company Limited & Ors.

The Supreme Court held that the Licence Agreement, the JVA, and the MoU each covered different subject matter (technology licensing, the joint venture company, and logistics services respectively), so the JVA and MoU's own arbitration clauses, providing for arbitration in Mumbai under Indian law, governed the disputes arising under them, not the Licence Agreement's Korea clause. Both agreements also contained "entire agreement" clauses showing they were meant to stand independently. The Court restricted itself to the limited inquiry required at the reference stage under Section 11(6-A), whether an arbitration agreement prima facie exists, and left deeper questions, including whether a non-signatory subsidiary (RBIPL) could be bound, to the arbitrator. It allowed the petitions and appointed a former Chief Justice of the Bombay High Court as the sole arbitrator.

Decided 8 Oct 2026Read case
Arbitration & Commercial LawDelhi High Court

M/S Redcliffe Lifetech Pvt Ltd vs. Connect and Heal Primary Care Pvt. Ltd.

Since the dispute was resolved, the petitioner's counsel sought leave to withdraw the petition rather than continue with it. The Court granted leave and dismissed the petition as withdrawn, along with any pending applications.

Decided 7 Oct 2026Read case
Arbitration & Commercial LawDelhi High Court

M/S Redcliffe Lifetech Pvt. Ltd. vs. Lifespan Wellness Private Limited

The Court reiterated that at the stage of appointing an arbitrator under Section 11, it need only check whether an arbitration agreement exists on its face, not decide the merits of the dispute. Finding the arbitration clause undisputed, the Court appointed a named advocate as sole arbitrator under the aegis of the Delhi International Arbitration Centre (DIAC), leaving all other objections (including arbitrability and jurisdiction) to be decided by the arbitrator.

Decided 7 Oct 2026Read case
Arbitration & Commercial LawDelhi High Court

M/S. Keshari Multi Functional Complex Pvt Ltd vs. Rail Land Development Authority

Because the awarded amount was already deposited pursuant to the earlier stay order, the Court held nothing further survived for consideration in the present enforcement petition. It disposed of the petition, giving the decree holder liberty to refile later after paying the proper stamp duty (and any penalty) under the Indian Stamp Act, 1899.

Decided 7 Oct 2026Read case