Justice Suresh Kumar Kait, hearing Amazon s plea for enforcement of the award by Singapore s Emergency Arbitrator (EA) restraining FRL from going ahead with the deal, said that in the absence of any stay from the apex court, he has no option but to enforce the order passed by Justice JR Midha on March 18.
FRL-Reliance deal: Will implement single judge order in absence of stay from SC, says HC to Future Group freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Delhi High Court Tuesday said it will implement the single-judge order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon, in case no stay is obtained from the Supreme Court within four weeks.
Future Group has filed SPL in Supreme Court against the Delhi High Court s verdict, favoring Amazon in March swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Future Retail Ltd (FRL) on Saturday reported widening of its consolidated net loss at Rs 1,147.28 crore for June quarter 2021-22, impacted by the second wave of the pandemic. The company had posted a net loss of Rs 552.91 crore for April-June period a year ago, FRL said in a BSE filing.