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Future-Reliance Deal: Delhi HC Stays Single-Judge's Status Quo Order


 
.there was no reason to seek a status quo order from the single judge. Statutory authorities like Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) could not be restrained from proceeding in accordance with law , the bench stated in its order.
 
Last week, Future Retail approached the division bench after the single-judge bench ordered status quo in the matter. According to Bar & Bench (https://www.barandbench.com/news/litigation/delhi-high-court-stays-status-quo-order-on-future-reliance-deal), in its appeal, the Kishore Biyani group company broadly argued that in the presence of contradictory findings of justice Mukta Gupta with respect to the absence of an arbitration agreement between Future Retail and Amazon, the emergency award cannot be enforced. ....

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