Delhi HC reserved order on Future Retail’s suit against Amazon
After the completion of all parties’ arguments on the matter, Delhi HC asked them to submit their written submissions to the court by Monday. A court reserving its order means that the matter has been kept in abeyance for a while.
Salve’s arguments to the court seemed to be focused on the fact that Amazon has a 49% stake in Future Coupons, the promoter-entity of Future Retail. And while Amazon also has a 3.58% stake in Future Retail, it is not a controlling stake.