New Delhi: The Supreme Court on Thursday’s stay all the enforcement process before the Delhi High Court with the Amazon Petition seeking Enforcement of the Awbitrary Awards Awards Future Group to rely on an agreement.
It also directs that no legal authority – NCLT, CCI, SEBI – will pass through the final sequence related to the agreement.
The APEX court has suspended the attraction of the future group to hear further after 4 weeks to wait for an emergency arbitrator decision about the company’s objection to the e-commerce giant.
This is considered a senior statement of advocate Harish Salve and beat Rohatgi, each emerges for FRL and Future Coupons Private Ltd (FCPL) respectively, that the arbitrator has ordered the final verdict in this case after hearing both parties.
Senior Advocate Subramanium Gopal, appears for the Giant e-commerce based in the US Amazon who has challenged the merger, said that it was not interested in the actions of FRL, FCPL and their director and agreed through the order that lived before the Delhi High Court.
Amazon and retail in the future have been involved in a bitter legal struggle for the sales agreement of Crore assets later Rs 24,713 with Reliance Retail.
Both Future Retail Limited (FRL) and Private LTD (FCPL) future coupons have transferred the court to the Delhi High Court order on August 17 that said that it would apply the previous order by the judge to proceed forward to dealing with the pursuit of the EA award.
The High Court also ordered property attachments.
Amazon first submitted a request before the High Court (Single Judge) for Enforcement of the 2520 Award, EA Award by Singapore International Arbitration (SIAC) Hold FRL from the front with an agreement with Reliance Retail.
On August 6, the Supreme Court gave a verdict for the sake of Amazon and stated that the Singapore EA award, resisted an agreement on the Retail merger Ranggot Ranggot Ring 24.731, applies and can be enforced under the Arbitration Act of India.
(With input from PTI)
Retail agreement in the future: SC stay process in Delhi HC
