Ebene Magazine – Curfew for Amazon: Supreme Key Orders te

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Ebene Magazine - Curfew for Amazon: Supreme Key Orders te

Witness, New Delhi: Another key development has taken place in the Amazon, Future Group controversy. The Rs 24,713 crore Future Retail Limited (FRL) deal with Reliance Retail has been broken once again. The Supreme Court has responded positively to an appeal by ecommerce giant Amazon against the Delhi High Court’s order to maintain the « status quo » regarding the deal. Stay imposed on the verdict was ordered on Monday. The bench comprising Justices RF Nariman and BR Gawai issued notices to Future Retail, Group Head Kishore Biyani and others. Asked to respond to this within the next three weeks. It also clarified that the National Company Law Tribunal (NCLT) will continue to investigate the dispute.

On February 2, 2021, the Delhi High Court single bench directed the Future Group to abide by the agreement with RIL. It is known that Amazon‌ has resorted to the Supreme on this. However, the latest directive from the Supreme Court has dealt another blow to Future Group’s deal with Reliance Retail.

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