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Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.
CJI Ramana while hearing the submissions by Amazon said, "You did not have any problem with assets before and now since it's been taken over, there is urgency, we will list this day after tomorrow."
The Supreme Court is scheduled to hear on Monday the submissions of Amazon, seeking an interim order to ensure that the Future Retail assets not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal.
A bench comprising Chief Justice N V Ramana and justices Krishna Murari and Hima Kohli, which had heard part arguments on Amazon's plea on April 1, has posted the case for the conclusion of submissions on April 4.
On Tuesday, the Supreme Court said that it would expedite the hearing on Amazon's interim plea seeking preservation of Future Retail Limited's (FRL) assets apart from resumption of arbitration on merger deal with Reliance Retail