INSUBCONTINENT EXCLUSIVE:
Supreme Court asked Amazon and Future Group to urge NCLAT for speedy disposal of caseThe Supreme Court on Wednesday directed e-commerce
company Amazon and Future Group to urge National Company Law Appellate Tribunal (NCLAT) for a speedy disposal of the case.Amazon had filed a
Future Retail's deal with Reliance.Supreme Court told Amazon that in order to take a decision on the Singapore arbitration proceedings,
clarity is first needed from NCLAT.The suggestion was mooted by a bench headed by Chief Justice N V Ramana while adjourning to March 9, the
hearing on Amazon's appeal against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an
arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance Retail.The bench, also comprising Justices A S Bopanna
merger deal.In today's hearing, senior advocate Gopal Subramanium appeared for Amazon and said that the tribunal proceedings should be
allowed to resume and assured that the tribunal would be carrying out the proceedings expeditiously.Senior advocate Mukul Rohatgi appeared
for Future and opposed Amazon's plea saying that even CCI had found that Amazon misrepresented facts while signing the deal with
The competition regulator had also imposed a fine of Rs 202 crores on Amazon.The Supreme Court has been hearing a batch of pleas filed by
with its Rs 24,713 crore asset sale deal with Reliance.Amazon had objected to Future's deal with Reliance.Amazon and Future Group have
been locked in a legal tussle after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration
