Amazon told the court that Future was “mischaracterising” and “misrepresenting” the operative part of the court order with regulators like Sebi.
“The prima facie observations contained in the impugned order effectively resulted in allowing Future Retail to collaterally bypass the EA order. Future Retail.. has been relying on these prima facie observations to misconstrue the true import of the impugned order in an effort to mislead regulators to grant approval to the potential transaction, which has constrained Amazon…to file the present appeal to quash and set aside the prime facie observations as set out in detail in the appeal,” Amazon’s filing to the court said.
TOI reported on Tuesday that Amazon was working on this move as it remains locked in a battle with Kishore Biyani-led Future Group over the Rs 24,700-crore acquisition by Reliance. Meanwhile, sources said the SIAC panel is expected to start the final hearing later this week with a possibility of a final order by the end of this month. The interim EA order given by SIAC in late October is valid for 90 days.
The high court in its order last month had said Amazon was free to write to regulators objecting to the deal and that the EA order was valid in India. The court added it was up to the regulators to decide on the deal. Future had approached the court to stop Amazon from “misusing” the Singapore interim order and “interfering” in the Reliance-Future deal.