Updated Dec 21, 2020 | 11:06 IST
On November 20, Delhi High Court had reserved verdict a plea Future Retail Ltd seeking to restrain Amazon from interfering in the Reliance Retail-Future deal on the basis of an interim order passed by SIAC Amazon-Future Retail case: Delhi High Court refuses to restrain Amazon from writing to SEBI, CCI
New Delhi: In a major setback to Kishore Biyani-led Future Retail, the Delhi High Court on Monday refused to restrain e-Retail giant Amazon from interfering in the Kishore Biyani-owned company s deal with Reliance Retail by writing to statutory authorities like SEBI and CCI.
The order was pronounced by a Single Judge Bench of Justice Mukta Gupta in the suit by Future Retail Limited after an Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC) restrained Future Group from taking any steps in furtherance of the transaction with Reliance Retail.
No case of interim injunction in favour of Future Retail & against Amazon: Delhi HC mid-day.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mid-day.com Daily Mail and Mail on Sunday newspapers.
Delhi High Court to give verdict on Future Retail-Amazon case on 21 December
Senior advocate Harish Salve appearing for FRL also made arguments opposing the submissions made by Amazon.
(Mint)
Delhi High Court will give its verdict at 10:30 am on Monday
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The Delhi High Court will give its verdict on Dec. 21 on Future Retail Ltd.’s petition to restrain Amazon.com from writing letters to regulators against the Indian retailer’s asset sale deal with Reliance Industries Ltd., according to updates on the court’s website.
The court will give its verdict at 10:30 a.m. on Monday.