Amazon feud: Future moves Supreme Court to stay tribunal ruling

Future Retail (FRL) on Monday moved the Supreme Court against the Delhi High Court’s order that refused to stay the Singapore arbitration tribunal’s October 21 ruling which denied permission to the firm to go ahead with its Rs 24,713-crore merger deal with Reliance Retail.

Challenging the HC order that dismissed its plea for stay on the Singapore International Arbitration Centre’s interim order, FRL in its plea urged the SC to allow it to conduct a meeting of shareholders and creditors for approval to sell its retail assets to Reliance Retail in accordance with directions given by NCLT, Mumbai, on September 28.