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Supreme Court issues notice to Future Retail, others on Amazon's plea

A bench comprising Justices R F Nariman and B R Gavai issued notices to Future Retail Ltd, Chairperson Kishore Biyani and others and sought their replies

Topics
Supreme Court | Future Retail | Reliance Retail

Press Trust of India  |  New Delhi 

Supreme COurt
The apex court said the proceedings before the National Company Law Tribunal will go on and but will not culminate into any final order on amalgamation of FRL with Reliance.

The on Monday sought responses from Ltd and others on Amazon's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal.

A bench comprising Justices R F Nariman and B R Gavai issued notices to Ltd, Chairperson Kishore Biyani and others and sought their replies.

The apex court said the proceedings before the National Company Law Tribunal will go on and but will not culminate into any final order on amalgamation of FRL with Reliance.

While issuing notice distinct to FRL and others, the bench says that reply to the appeal of be filed in three weeks and rejoinder after two weeks thereafter and the Amazon's appeal will be listed for hearing after five weeks.

Last month, had approached the Delhi High Court seeking enforcement of the interim order of the Emergency Arbitrator (EA) at the Singapore International Arbitration Centre (SIAC) that had restrained FRL from going ahead with the deal with Reliance.

In the interim order on February 8, the division bench said it was staying the single judge order as firstly, FRL was not a party to the share subscription agreement (SSA) between and Future Coupons Pvt Ltd (FCPL) and the US e-commerce giant was not a party to the deal between FRL and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, February 22 2021. 11:48 IST
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