In the battle with Future Group, a victory in court today for Amazon when the New Delhi High Court dismissed Future Retail’s statement

In October, Amazon had won a court order to stop Future’s deal with Reliance from a Singaporean arbitrator.

On Monday, the New Delhi High Court dismissed a Future Group petition seeking to prevent US partner Amazon.com Inc from interfering in its sale of $ 3.4 billion assets to Reliance Industries.

Future sold its retail assets in August to Reliance Industries in a deal that Amazon said breached agreements Future made with the U.S. e-commerce leader in 2019.

In October, Amazon had won a court order to stop the sale of a Singaporean arbitrator that the parties had agreed to use in the event of a dispute.

Later, Future said the order was non-binding, prompting Amazon to file a complaint with the market regulator Securities and Exchange Board of India (Sebi).

Future is widely credited with transforming the country’s retail sector in recent decades. However, the COVID-19 pandemic has affected the business so badly that founder Kishore Biyani sought out a buyer.

The Competition Commission of India (ITC) last month approved Future’s sale of its retail, wholesale, logistics and warehousing businesses to billionaire Mukesh Ambani’s Reliance.

On Monday, the court noted that the lawsuit filed by Future Group’s Future Retail unit could be upheld and that its resolution approving the transaction with Reliance was also valid.

However, he noted that Amazon cannot be barred from writing to regulators due to potentially irreparable damage, Judge Mukta Gupta said in the verdict.

India’s retail sector is likely to grow 46 percent over the next four years to an annual value of $ 1.3 trillion, data from Forrester Research showed.

The key battle is over groceries, which will likely be worth about $ 740 billion a year by 2024, the data showed.

Trust and Future dominate the market in India, and the next competitor, Avenue Supermarts’ DMart, is far behind in terms of stores and reach.