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SUPREME COURT RESERVE JUDGEMENT ON FUTURE GROUP SLPs

January 11, 2022 08:38 PM

  New Delhi (Face2News)

A bench of Chief Justice NV Raman, Justice AS Bopanna and Hima Kohli  on Tuesday reserved the judgment on four Special Leave Petitions (SLPs) filed against the Delhi High Court decision.

 The future group companies had filed the petitions against the order of the Arbitration Tribunal of the Supreme Court refusing to intervene in the Singapore International Arbitration Center (SIAC) emergency award (EA).

The bench initially suggested to the lawyers of Amazon and Future Group companies that a single bench of the Delhi High Court should be allowed to hear the Future Group's statutory appeals against the final arbitrator award.

The bench said that the petitions, which are arising out of the decision of the Emergency Award (EA) and pending before it, may no longer be relevant as the final decision of the SIAC has already been passed. The bench said, "Your (Future Group) first SLP in which the order of Justice JR Midha (Delhi High Court) has been challenged, we had said that there will be no implementation of that order. We had never asked the Delhi High Court not to hear the case. 

The bench said that the petitions, which are arising out of the decision of the Emergency Award (EA) and pending before it, may no longer be relevant as the final decision of the SIAC has already been passed. The bench said, "Your (Future Group) first SLP in which the order of Justice JR Midha (Delhi High Court) has been challenged, we had said that there will be no implementation of that order. We had never asked the Delhi High Court not to hear the case. 

In fact, Future Group has challenged the Delhi High Court's order refusing to stay the decision of the arbitration tribunal. The arbitration tribunal had refused to intervene in the emergency decision handed down by the Singapore International Arbitration Center (SIAC).

 
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