SC stays proceedings before Delhi HC in Amazon-Future case

The Supreme Court on Monday stayed all proceedings before the Delhi High Court related to the enforcement of the Singapore Emergency Arbitrator’s interim award restraining the `24,713-crore deal between Future Retail and Reliance Retail.

The matter was being heard by a single judge as well as a division bench of the Delhi High Court. After the orders of the single-judge bench were stayed by the division bench, Amazon, which is opposing the deal, had moved the SC.

The process was on in the HC even though the main issue was before the apex court. The SC had pronounced that while the hearings relating to the Future-Reliance deal can continue before the Mumbai bench of the National Company Law Tribunal (NCLT), no final order can be passed before the top court disposes of the matter.