Lawstreet Journal

Amazon requests Supreme Court to stay HC order until conclusion of Future-Reliance Deal dispute

Lawstreet Journal 12 Apr 2021 5:49pm

Image courtesy: Lawstreet Journal Business Amazon requests Supreme Court to stay HC order until conclusion of Future-Reliance Deal dispute

Amazon has moved the Supreme Court challenging the Delhi High Court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.

Amazon asked for a stay of the division bench's (March 22, 2021) decision, calling it "illegal," "random," "inequitable," and "unfair" 

Future Group was issued a reprieve from a (March 18, 2021) single-judge order prohibiting it from selling properties to Reliance on (March 22, 2021), by a division bench of the High Court of Delhi. 

Amazon has now challenged the (March 22, 2021) injunction in the Supreme Court, seeking a stay until the conclusion of the earlier deal-related lawsuit. 

“The Interim order & stay of the impugned Interim Common Order dated (March 22, 2021) passed by the Honourable High Court of Delhi before the questions raised herein are eventually resolved by this Honourable Court,” Amazon wrote in its Supreme Court petition. Amazon's petition, a copy of which was seen by the news agency. It also asked the Superior Court to issue some further orders that it "may find fit & proper in the facts & conditions of the current case."

Amazon & Future Retail Ltd (FRL) did not respond to e-mailed queries:

The division bench made a ‘grave mistake’ in passing an injunction in a ‘non-maintainable appeal,’ allowing Future Group to continue to violate the EA (Emergency Arbitration) order, according to Amazon's plea. 

The single judge had delivered a well-reasoned order covering over 130 pages, according to Amazon, and the division bench had issued an emergency order in a mechanical way, halting… Continue Reading...

Tagged: Amazon   Future Group  
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