https://www.taxtmi.com/caselaws?id=301077 A Delhi HC decision on an India-seated arbitration upheld prima facie maintainability of FRL's civil suit and treated the emergency arbitrator mechanism as valid where the parties had adopted SIAC Rules, holding that Part I of the Arbitration and Conciliation Act, 1996 did not by itself invalidate emergency interim relief. It further found FRL's 29 August 2020 board resolution prima facie not void or contrary to statute. On the combined reading of the transaction documents, Amazon's veto and consent rights were held prima facie to amount to control over FRL and to raise a FEMA FDI Rules issue, and FRL also made out a prima facie case of tortious interference. However, interim injunction was refused because the balance of convenience and irreparable harm did not justify relief. en-us Mon, 21 Dec 2020 00:00:00 +0530 Fri, 11 Mar 2022 07:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301077 A Delhi HC decision on an India-seated arbitration upheld prima facie maintainability of FRL's civil suit and treated the emergency arbitrator mechanism as valid where the parties had adopted SIAC Rules, holding that Part I of the Arbitration and Conciliation Act, 1996 did not by itself invalidate emergency interim relief. It further found FRL's 29 August 2020 board resolution prima facie not void or contrary to statute. On the combined reading of the transaction documents, Amazon's veto and consent rights were held prima facie to amount to control over FRL and to raise a FEMA FDI Rules issue, and FRL also made out a prima facie case of tortious interference. However, interim injunction was refused because the balance of convenience and irreparable harm did not justify relief. Case-Laws Law of Competition Mon, 21 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301077