Supreme Court To Hear Amazon Submission On Future Retail Assets On Monday
NDTV
The Supreme Court had taken note of the submissions of Amazon and Future Group that they have no objection to the resumption of the arbitral proceedings.
The Supreme Court is scheduled to hear on Monday the submissions of US e-commerce major Amazon, seeking an interim order to ensure that the Future Retail Limited (FRL) assets, including "Big Bazaar shops", not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal.
A bench comprising Chief Justice N V Ramana and justices Krishna Murari and Hima Kohli, which had heard part arguments on Amazon's plea on April 1, has posted the case for the conclusion of submissions on April 4.
The bench had taken note of the submissions of both sides, Amazon and Future Group, that they have no objection to the resumption of the arbitral proceedings and said as far as "the first issue about going ahead with the arbitration is concerned, both of you have agreed".
"You both file a small memo so that we can record it and the SLP can be disposed of. The other aspect is this IA, which is regarding non-alienation of properties," it had said.
