New Delhi: Retail of the future and the promoter has appealed before the division bench from the Delhi High Court challenging orders passed on Tuesday which rejected group petitions for the Amazon Arbitration termination.
The Delhi High Court on Tuesday rejected the request transferred by the future group company that was looking for directions to the Arbitration Court, taught Amazon’s objections to the future group agreements with dependence, to make decisions on their application to end the arbitration process before moving further.
“The company has appealed in the Delhi High Court as Diary No.20543 / 2022 dated 05/01/2022 challenging orders 04.01.2022 passed by the Single Judge of the Delhi High Court,” said the retail future in the submission of regulations.
Appeal will be listed in front of the Chairman of the Delhi High Court at 2:15 p.m.
On Wednesday, he added.
“Furthermore, it can also be noted that a limited future coupon and other company promoters also appeal similarly to be heard simultaneously,” he added.
The Singapore International Arbitration Center (SIAC) is to try Amazon’s objection to the Agreement of the RS 24,713 Crore Group in the future with Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd.
On Tuesday, the bench of Haktimus members, said it was not for the court to disrupt the scheduling of the arbitration process and there was no reason to intervene made in the current petition.
He said The Tribunal had fixed January 8, as a date to hear the termination application after cutting the four-day approach scheduled for expert witnesses.
Amazon and the future has been locked in bitter lawguar after the US e-commerce giant dragging the future group to the arbitration at the Singapore International Arbitration Center (SIAC) in October 2020, arguing that FRL has violated their contracts by entering into the asset sales agreement to Mukesh Reliance Reliance Reliance reference with the basis of the sale of deterioration for RS 24,500 Crore.
In December, the Indian competition commission (CCI) suspended his approval over two years old for the Amazon agreement to obtain a 49 percent peg in the future coupon PVT Ltd (FCPL), promoter FRL, and also slapped the penalty.
Rs 202 Crore on major e-commerce.
Amazon objected to the sell-off plan, accusing future groups of violating the 2019 investment pact.
The future coupons were founded in 2008, and were involved in the marketing and distribution of gift cards, loyalty cards, and other gift programs to corporate customers.
Some problems arising from the Battle of Amazon’s legal in the future are waiting before the Supreme Court.
Reliance Retail Ventures, have for the second time – expand the timeline to complete the 24,713 crore RS contract with the future group until March 31, 2022 because it is still awaiting regulatory and judicial permits.
Retail Appeal in the Future Before the Delhi Division HC Bench for Amazon Arbitration Termination
