Kishore Biyani-led Future Retail Ltd on Saturday said it has approached the Supreme Court against an order passed by the Delhi High Court to maintain status quo in relation to its `24,713 crore deal with Reliance Retail and directing it to enforce the order of the Singapore-based Emergency Arbitrator.
In a regulatory filing, Future Retail said, “Please be informed that the company has filed a special leave petition before Hon’ble Supreme Court of India against the impugned orders dated 2nd February 2021 and 18th March, 2021 passed by ‘Ld. Single Judge’...The SLP will be listed for hearing in due course.”
On February 2, a single bench of the Delhi High Court had directed
Future Retail Ltd (FRL) to maintain status quo in relation to its `24,713 crore deal with Reliance Retail, which was objected to by US-based e-commerce giant Amazon.
Justice J R Midha said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon.