New Delhi: Future retail is expected to submit a petition to leave and appeal against the order of Midha Justice in the Supreme Court to get the right assistance to pursue an agreement expressed with Reliance Retail.
In March, a bench judge at Delhi High Court headed by Justice Midha has noted that the interim of the Emergency Arbitrator (Singapore International: SIAC) needs to be fulfilled in India.
It has stayed at the proposed 24,700-crore Hospital between future groups and Reliance Retail.
“The retail of the future is advised that he has the treatment available in the law, which will exercise,” said a spokesman for the future group.
“The future retail intends to pursue all roads available to conclude the agreement to protect the interests of stakeholders and labor.” “The retail of the future has the option to submit a special leave petition on HC orders before SC or appeal for the petition on the same SC bench,” someone who is familiar with his development.
“The interesting thing to understand is, what amazon game plans remember the current Indian FDI rules.
Amazon needs to answer this question on their future plans with FRL,” he said.
Amazon, however, is waiting for the expected emergency arbitrator ruling in a few weeks.
SIAC has established a court to see the allegations by Amazon that future groups do not maintain their contractual obligations by involving Reliance Retail for an agreement.
Before the agreement, Amazon had bought 49% of shares in the future coupons, upcoming group entities for 1,500 crore Rs.
The future coupons accommodate about 7% of the stock in the upcoming retail which gives Amazon directly at around 3.5% in the future of retail.