Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court
Live LawSeeking orders to restrain Future Retail Limited from alienating its assets, e-commerce giant Amazon submitted before the Supreme Court that the FRL was acting in collusion with Reliance so to let the latter take over the former's stores in violation of the injunction orders. Amazon's Notice: Amazon has also issued a public notice alleging that Future Group is on the verge of purportedly allowing handing over of the retail assets to Reliance in violation of orders of the Arbitral Tribunal and submissions made by it before the Supreme Court According to Amazon, FRL and its promoters made false submissions before the Supreme Court stating that the retail assets would continue to vest in FRL until the scheme of arrangement with Reliance was finally approved by the NCLT. Background: The bench comprising CJI NV Ramana, Justice AS Bopanna and Hima Kohli was hearing a special leave petition filed by Amazon against Delhi High Court's order staying further arbitration proceedings before the Singapore Tribunal against Future Group. The impunged order of the division bench also stayed the Single Judge order which had dismissed Future Group's plea challenging the two orders passed by the Singapore Arbitration Tribunal which deferred the hearing in Future's plea seeking termination of the arbitration proceedings instituted by Amazon.