Reliance-Future Group deal: SC stays all proceedings in Delhi High Court
Supreme Court
The Supreme Court stayed all further proceedings before the Single Bench and Division Bench of the Delhi High Court on Monday in the Amazon-Future Group-Reliance case. According to
LiveLaw, a legal news website, a Supreme Court bench comprising Justices RF Nariman, BR Gavai and Hrishikesh Roy passed the order in a special leave petition filed by Amazon.
The companies have been directed to complete their pleadings by then. The top court will hear the case on May 4, according to a report in
What is the case about
Reliance-Future deal: Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance 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.
Amazon moves Supreme Court against Delhi High Court stay order restraining Future Retail deal with Reliance
Synopsis
Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them. In October 2020, Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC).
Reuters
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.
Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance
PTI
New Delhi |
Updated on
April 14, 2021
Will ‘defend the matter/proceedings through our legal counsels’: Future Retail
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its ₹24,713-crore deal with Reliance Retail to sell its business. The company s advocates are in receipt of communication dated April 13, 2021, from advocates of Amazon.com NV Investment Holdings LLC informing that Amazon has filed a Special Leave Petition before the Supreme Court of India against the captioned order dated March 22, 2021 passed by the Division Bench of the High Court of Delhi, Future Retail informed the stock exchanges.
Amazon moves Supreme Court against Delhi HC stay order restraining Future Retail deal with Reliance
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Last Updated: Apr 14, 2021, 03:01 PM IST
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Synopsis
Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them. In October 2020, Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC).
Reuters
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
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Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.