Supreme Court asks Future not to proceed
Apex court orally asked Future Group to not take up the matter at any other forum till it finally hears the case with sale of retail assets to Reliance; Next hearing on Nov 23
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New Delhi: The Supreme Court on Thursday said it will hear on November 23, the Future group plea against Amazon NV Investment Holdings, over former's sale of retail assets to the Reliance group. The top court orally asked the Future group to not proceed with the matter at any other forum till the top court finally hears the case.
Justice Hima Kohli, part of a three-judge headed by Chief Justice of India N.V. Ramana hearing the matter, said she and her family members hold shares in Reliance group companies and offered to recuse, if any party or counsel had objections to her being on the bench.
Counsel representing parties in the matter said they had no objection to Justice Kohli hearing the matter. During the hearing, the bench orally asked the Future group to not proceed with the matter at any other forum till the top court finally hears the case and scheduled the matter for further hearing on November 23.
On September 9, the Supreme Court had stayed all proceedings before the Delhi High Court on Amazon's petition seeking enforcement of Singapore emergency arbitrator's (EA) award, which restrained the Future Group from going ahead with its Rs 24,731 crore merger with Reliance Retail.
