The Supreme Court on Monday sought responses from Future Retail and others on Amazon’s plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal.
A bench comprising Justices RF Nariman and BR Gavai issued notices to, Chairperson and others and sought their replies.
The apex court said the proceedings before the National Company Law Tribunal will go on and but will not culminate into any final order on amalgamation of Future Retail with.
While issuing notice distinct to Future Retail and others, the bench says that reply to the appeal ofbe filed in three weeks and rejoinder after two weeks thereafter and the Amazon’s appeal will be listed for hearing after five weeks.
Last month, Amazon had approached the Delhi High Court seeking enforcement of the interim order of the Emergency Arbitrator (EA) at the Singapore International Arbitration Center (SIAC) that had restrained future retail from going ahead with the deal with Reliance.
In the interim order on February 8, the division bench said it was staying the single judgment order as firstly, Future Retail was not a party to the share subscription agreement (SSA) between Amazon and Future Coupons and the US e-commerce giant was not a party to the deal between Future Retail and Reliance Retail.
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