The Delhi High Court will on Monday continue hearing arguments in an 18-month-long dispute between Amazon and Future Group. On Thursday, lawyers from the two sides argued for more than two hours in a post-lunch session.
Meanwhile, the National Company Law Tribunal (NCLT) has set March 4 as the next date for hearing a combination of cases between Amazon and Future Retail (FRL).
FRL had approached the NCLT seeking approval for a shareholder meeting to get clearance for its plan to sell assets to Reliance Retail. Amazon has opposed the shareholder meeting as well as the deal that the US-based company claims was in violation of its investment agreement in a promoter firm of FRL.
The Delhi HC is hearing the matter after combining several petitions and counter petitions filed by the two sides, after the Supreme Court directed that the high court hear those afresh. The Supreme Court sent back the matter to the high court after setting aside two previous verdicts by separate judges of the Delhi High Court.
In the Delhi HC on Thursday, Harish Salve, the senior lawyer representing FRL, narrated the sequence of major court events and orders pertaining to the dispute. Salve requested the court to allow the NCLT to go ahead with the remaining proceedings.