10.6 C
London
Saturday, February 27, 2021

Future-Reliance Deal: Supreme Court Issues Notice on Amazon’s Plea on Court Order to Maintain Status Quo

- Advertisement -
- Advertisement -


The Supreme Court on Monday sought responses from Future Retail 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 Future Retail, 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 Future Retail with Reliance.

While issuing notice distinct to Future Retail and others, the bench says that reply to the appeal of Amazon 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, Amazon 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 Future Retail 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, Future Retail was not a party to the share subscription agreement (SSA) between Amazon and Future Coupons and the US e-commerce giant was not a party to the deal between Future Retail and Reliance Retail. 


Is Samsung Galaxy S21+ the perfect flagship for most Indians? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.



Source link

- Advertisement -

Latest news

- Advertisement -

Pictured: ‘Mass grave holding hundreds of bodies from Ethiopian massacre’

A report showing satellite images allegedly of mass graves holding hundreds bodies from a massacre in an ancient Ethiopian town that is home...

Bedeck and refresh your living space with scintillating wall decor ideas and window decals

Empty walls have endless possibilities. You can make a bland space feel like home with minute additions. While window decals are a...

How modern, luxe bathrooms would look in 2021?

Any modern bathroom will rank high on both functional and aesthetic appeal. After all, it has to meet the expectations of a...

Related news

Pictured: ‘Mass grave holding hundreds of bodies from Ethiopian massacre’

A report showing satellite images allegedly of mass graves holding hundreds bodies from a massacre in an ancient Ethiopian town that is home...

Bedeck and refresh your living space with scintillating wall decor ideas and window decals

Empty walls have endless possibilities. You can make a bland space feel like home with minute additions. While window decals are a...

How modern, luxe bathrooms would look in 2021?

Any modern bathroom will rank high on both functional and aesthetic appeal. After all, it has to meet the expectations of a...
- Advertisement -