Amazon has moved the Supreme Court, challenging the Delhi high court’s division bench order that had vacated a stay on Kishore Biyani-led Future Group’s Rs 24,713-crore asset sale to Reliance Industries.
Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it “illegal”, “random”, “inequitable and unfair”.
On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance. Amazon has now moved the Supreme Court and challenged the March 22 order, requesting a stay till a final outcome is known of its earlier plea related to the deal.
“Pass an ex-parte interim order/ interim order and stay the impugned interim common order dated 22.03.2021 passed by the high court of Delhi …. till the issues raised herein are finally decided by this hon’ble court,” Amazon said in its petition.
It has also requested the apex court to pass any further order, which it “may deem fit and proper in the facts and circumstances of the present case”, Amazon’s petition said.
Amazon and Future Retail Ltd (FRL) did not respond to e-mailed queries.
According to the plea filed by Amazon, the division bench has committed a “grave error” in passing an order in a “non-maintainable appeal”, permitting Future Group to commit further breaches of the Emergency Arbitration order.
