Future-Reliance: Supreme Court outraged over Amazon’s alleged delayed request for written note. (file)
New Delhi:
The Supreme Court on Tuesday did not allow Amazon to file written submissions in a matter related to Future Retail’s plea for National Company Law Tribunal (NCLT) permission to go ahead with the Rs 24,731 crore merger deal with Reliance Retail. .
A bench headed by Chief Justice NV Ramana, which had reserved its order on February 3, was annoyed over the alleged delayed request of the US-based e-commerce major to file a written note in the matter and said it appeared to be a ” Brilliant litigation”.
“You want to complicate matters. That’s fine. You want these hearings to continue… If I give you permission, I’ll have to allow them (FRL) too. I don’t understand why this practice What is it. If you had asked that day (February 3), it would have been a different story,” said the Chief Justice.
“It is just to assist the court,” said the lawyer.
The bench dismissed the submissions saying that it appears that oral submissions have to be made in writing as well.
“Looks like you think we don’t have the ability to understand verbal submissions. After you booked the order, now five days later you started reopening… I see these cases not listed It is better to do. This is a splendid litigation it appears to be,” the CJI said.
The Supreme Court on February 3 reserved its order on a plea by Future Retail Limited (FRL) seeking to go ahead with the merger deal.
In addition, a consortium of 27 banks told the Supreme Court that the money lent to FRL belonged to the depositors and to protect the “public interest”, the entire assets of FRL were subjected to open bids by Amazon and Reliance with a reserve. can go. Price Rs 17,000 crore.
FRL has filed a separate petition against the consortium seeking a direction that no punitive action be taken against it for a specified time period for non-payment of debt.
Earlier, the Supreme Court in a judgment on February 1 had set aside three orders of the Delhi High Court, including attachment of the properties of FRL and its directors and refusing to stay the final arbitral award, which barred FRL from going Was. The merger deal with Reliance Retail worth Rs 24,731 crore went ahead and had ordered a fresh decision.
Amazon and Future Group have been engaged in a legal battle for over a year as US majors oppose the merger of FRL with Reliance Retail.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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