However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT.
A bench comprising Chief Justice N V Ramana and justices Krishna Murari and Hima Kohli, which had heard part arguments on Amazon's plea on April 1, has posted the case for the conclusion of submissions on April 4.
Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs 3,900 crore before March 31, 2022 by way of equity contribution.