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    FRETAIL   INE752P01024

FUTURE RETAIL LIMITED

(FRETAIL)
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General Announcement::Order on Special Leave Petition before Honble Supreme Court of India

09/09/2021 | 09:32pm EDT

To,

9th September, 2021

Dept. of Corporate Services (CRD)

Listing Department

BSE Limited

National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers,

Bandra Kurla Complex,

Dalal Street,

Bandra East,

Mumbai - 400 001

Mumbai - 400 051

Scrip Code: 540064

Symbol: FRETAIL

Scrip Code of Debt: 958809, 958810 & 959518

Dear Sir / Madam,

Ref : Scheme update and Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing and other Disclosure Requirements) Regulations, 2015

Sub : Special Leave Petition (C) No. 013556 - 013557 of 2021 before Hon'ble Supreme Court of India

Further to our earlier intimation(s), whereby the Company has informed about filing of above Special Leave Petitions (SLPs) before the Hon'ble Supreme Court of India, against the impugned orders dated 2nd February 2021 and 18th March, 2021 passed by Ld. Single Judge of the Delhi High Court in OMP (Enf.) (Comm.) No. 17 of 2021 filed by Amazon.Com NV Investment Holdings LLC to enforce the Emergency Arbitrator's Order dated 25th October, 2020.

The SLPs were listed before the Hon'ble Supreme Court earlier today i.e. 09th September, 2021. The Company is pleased to update the stock exchanges that the three-judge bench of the Hon'ble Supreme Court comprising of the Hon'ble Chief Justice, Hon'ble Mr. Justice Surya Kant and Hon'ble Mr. Justice A. S. Bopanna has passed the following order with the consent of all the parties:

"…Taking into consideration the submissions advanced by the learned senior counsel for the parties and particularly the fact that the parties have approached the Singapore International Arbitration Centre for vacating the Emergency Award passed by the Emergency Arbitrator and the arguments in the said matter have been concluded and the order is going to be pronounced shortly, we think it fit to balance the interest of both the parties by staying all further proceedings before the Delhi High Court for the time being. Ordered accordingly. We further direct to all the authorities i.e. NCLT, CCI and SEBI not to pass any final order for a period of four weeks from today. This order has been passed with the consent of both the parties".

The order passed by the Hon'ble Supreme Court can be accessed from the link below:

https://main.sci.gov.in/supremecourt/2021/18739/18739_2021_31_20_29786_Order_09-Sep-2021.pdf

The above is for your information and record. This may be treated as disclosure under Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you,

Yours faithfully,

For Future Retail Limited

C. P. Toshniwal

Chief Financial Officer

  1. : Singapore Exchange Securities Trading Limited 2, Shenton Way, #02-02,SGX Centre 1. Singapore -068804

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P +91 22 4055 2200, F +91 22 4055 2201, www.futureretail.co.in

CIN: L51909MH2007PLC268269

Disclaimer

Future Retail Ltd. published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 01:31:04 UTC.


© Publicnow 2021
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