New Delhi: The Supreme Court Thursday Door Door Panti Giant E-commerce Amazon Against RS 24,713 Crore Deal Deal for Merger of Future Retail Ltd (FRL) with Reliance Retail.
Amazon.com Investment Investment LLC and FRL are involved in bitter law fighting on the agreement and US-based companies have been searching at the APEX court that the Singapore Emergency Arbitrator (EA) award, which holds FRL to continue with a merger, it is valid and can be enforced.
“So we close this case now.
The judgment is reserved,” said Judge R Gavai and B.
Senior attitude recommends the Salve Salve and Gopal Subramanium ointment, each appearing for FRL and Amazon, concluding their shipment in this case.
Salve, appearing for FRL, called an assessment of the validity and enforcement of the arbitration award and said that there was no idea of ​​EA under Indian law about arbitration and conciliation and, in any case, there was no arbitration agreement on this effect.
There is no provision for EA under Indian law and “it cannot be done with the construction process”, Salve said referring to the Single Judge of the Delhi High Court which has given an appropriate EA award.
On the other hand, Amazon has told the bench that Biyanis from the future group has negotiated with it to enter into certain agreements and tied by the Singapore Ara Award resistant from the front with a merger agreement with Reliance Retail.
It confirms that the EA award can be enforced.
Amazon has transferred the top trial against the Bench Division of the Delhi High Court Division which paved the way for the Reliance-FRL agreement.
On February 8, the division bench has lived a single judge to FRL and various legal authorities to maintain the status quo on the Mega agreement.
The temporary direction was forwarded to the appeal of FRL challenging February 2 from the Single Judge who had decided to support the US company who said that the EA award was valid and can be enforced.
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.
In August last year, future groups have reached an agreement to sell retail units, wholesalers, logistics, and warehousing to rely on.
Furthermore, Amazon took FRL to EA before SIAC for alleged violations of contracts by future groups.