April 19, 2021
Future Retail is seeking an injunction against Amazon along with a damages claim worth ₹100 crore
Future Retail is seeking an injunction against Amazon along with a damages claim worth ₹100 crore×
The Future Retail-Amazon issue will now be heard only in the Supreme Court. On Monday, the apex court stayed any further proceedings in the High Court’s Divisional Bench and Single Judge Bench.
After hearing the senior counsels of all the parties, Justice Rohinton F Nariman said that “further proceedings before the single Judge as well as the Division Bench of the High Court shall remain stayed.”
He further allowed the counsels to file affidavits within a fortnight and a rejoinder affidavit within one week thereafter.
Amazon moves Supreme Court against Delhi High Court stay order restraining Future Retail deal with Reliance
Synopsis
Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them. In October 2020, Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC).
Reuters
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.
Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance
PTI
New Delhi |
Updated on
April 14, 2021
Will ‘defend the matter/proceedings through our legal counsels’: Future Retail
Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its ₹24,713-crore deal with Reliance Retail to sell its business. The company s advocates are in receipt of communication dated April 13, 2021, from advocates of Amazon.com NV Investment Holdings LLC informing that Amazon has filed a Special Leave Petition before the Supreme Court of India against the captioned order dated March 22, 2021 passed by the Division Bench of the High Court of Delhi, Future Retail informed the stock exchanges.
Will defend : Future after Amazon moves SC against Delhi HC stay order
Future says it has received a communication dated April 13, 2021, that Amazon has filed a Special Leave Petition before the SC against the Delhi HC division bench
BusinessToday.In | April 14, 2021 | Updated 16:06 IST
Amazon CEO Jeff Bezos and Future group promoter Kishore Biyani
The fight between Amazon and Future Retail will now take place in India s Supreme Court. Future Retail has said it will defend the matter/proceedings through legal counsels after Amazon approached the Supreme Court against a Delhi High Court order that stayed a single judge s order restraining Kishore Biyani-led retail chain from going ahead with its Rs 24,713 crore deal with Mukesh Ambani-led Reliance Retail.
Amazon moves Supreme Court against Delhi HC stay order restraining Future Retail deal with Reliance
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Last Updated: Apr 14, 2021, 03:01 PM IST
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Synopsis
Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them. In October 2020, Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC).
Reuters
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
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Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business.