Amazon-Future case: SC sets aside Delhi HC orders

Tuesday, 1 February 2022newsdesk

The Supreme Court on Tuesday set aside Delhi High Court orders including the refusal to grant a stay on an arbitration tribunal decision which had restrained Future Retail Ltd from going ahead with its merger deal with Reliance Retail.

New Delhi, 01 February 2022

As per news report of The Indian Express, a bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli remanded the pleas of Future group firms relating to arbitral award on merger deal with Reliance Retail back to the Delhi High Court. “We set aside the impugned orders dated February 2, 2021 and March 18, 2021 and other impugned order dated October 29, 2021. We direct the learned (HC) judge to consider issue and pass an order on its own merits uninfluenced by observations,” the bench said in its order. The CJI said he would request the Chief Justice of the Delhi High Court to set up a bench for speedy disposal of the case.

Source - The Indian Express