The Supreme Court on Tuesday started hearing on the petition filed by Amazon against the Delhi High Court Division Bench order, which had stayed the order of the Single-Judge Bench, directing a status quo on the Future-Reliance deal.
The Supreme Court is currently hearing a matter on whether an emergency arbitration award won by Amazon in the Singapore International Arbitration Centre is valid and whether the Future Group can be restrained from completing the transaction
A divisional bench of the Chief Justice DN Patel and Justice Jyoti Singh while hearing the appeal through video conferencing issued a notice on an appeal filed by Amazon against the order of a Single Judge.
New Delhi (ILNS): There was some level of good news for Future Retail in its complicated deal involving Reliance Retail on the one hand and Amazon on the other. The Competition Commission of India (CCI) today approved its sale to Mukesh Ambani’s Reliance Retail.
The Kishore Biyani-led Future Group has filed a Caveat petition in Delhi High Court, apprehending a move by Amazon. The petition says: "No decision of any kind should be given on any kind of petition filed by Amazon."