Supreme Court agrees to Future’s early hearing pleas on Delhi HC order against Reliance Retail merger

The Supreme Court on Friday agreed to an early hearing of the Future Group’s appeals against the Delhi High Court’s single judge’s orders. The HC had restrained Future Group from going ahead with the Rs 24,713-crore merger deal with Reliance Retail, as sought by e-commerce gaint Amazon.

“We will look into the file and give a date,” chief justice NV Ramana told Future Retail’s senior counsel Harish Salve, who said the single judge had given a slew of directions (on February 2 and March 18) that went beyond the order of the Singapore International Arbitration Centre’s emergency arbitrator(EA). The HC order if implemented will have far-reaching consequences, Salve said, asking FRL’s appeal be heard on September 9 as the matter before the HC is listed for September 16.