Amazon has approached the Supreme Court to block the Kishore Biyani led Future Group’s deal with Reliance Industries (RIL). Amazon has challenged the Delhi high court’s February 8 order which lifted a previous order that had temporarily stayed the deal. “The impugned interim common order passed by the honourable high court is illegal, and arbitrary apart from being without jurisdiction. Therefore, the same is liable to be set aside on this ground alone,” Amazon’s plea in the SC, said.
Amazon’s plan to quickly escalate the legal fight to the SC indicates the global e-tailer’s urge to stop the £2.47 billion Future-RIL deal from moving any further. “The greater the progress made towards the completion of the impugned transaction, the harder it will be to unravel it. Over time, the interests of additional third parties may also become entwined with the impugned transaction and be subsequently compromised,” the application in SC read.
Amazon added if the deal is allowed to progress, it will cause “irreparable harm” to the company. A spokesperson of Amazon India declined to comment on approaching the SC. Amazon had first moved the HC to enforce the emergency order from the Singapore International Arbitration Centre (SIAC) that had temporarily stayed the deal.
