bengaluru shares in future group companies jumped on thursday a day after an indian court halted arbitration proceedings between the conglomerate and estranged partner amazoncom inc a twojudge bench of the delhi high court on wednesday agreed with future group that there was no legal basis for the arbitration between the two sides to continue given indias antitrust agency had suspended a key 2019 deal used by amazon to assert rights over future future enterprises future consumer future retail and future lifestyle fashions rose as much as between 75 and 138 in a weak mumbai market the delhi courts decision is a setback for the us ecommerce giant which had for months used the terms of its 200 million investment in future group in 2019 to block the kishore biyaniowned companys attempt to sell retail assets to reliance industries until the antitrust agencys suspension of the deal last december future group previously said if the reliance asset sale deal fails it will likely face liquidation as its retail businesses were hit hard during the pandemic the court will reconvene on feb 1 to hear the case again a source familiar with the case said amazon was likely to legally challenge the decision the dispute between future group amazon and reliance is seen as a battle for dominance in the indian retail market between amazons jeff bezos and reliances mukesh ambani future group amazon and reliance did not immediately respond to reuters requests for comment