Image source: dnaindia.com
The Delhi High Court on Tuesday directed all respondents to maintain the status quo as on at 4:50 PM on till the pronouncement of the reserved order on the plea filed by Amazon seeking the enforcement of the Emergency Award, restraining Future Group from going ahead with its deal with Reliance.
A single-judge bench of Justice J.R. Midha while pronouncing the order through video conferencing noted, “this Court is of the prima facie view that the Emergency Arbitrator is an Arbitrator; the Emergency Arbitrator has rightly proceeded against the respondent No.2.”
The petition has been filed by Amazon seeking the enforcement of the Emergency Award, restraining Future Group from going ahead with its deal with Reliance stating the order passed by the Emergency Arbitrator “shall be deemed to be an order of the Court for all purposes and shall be enforceable under the Code of Civil Procedure.”