As per sources who told a leading business media, the Supreme Court on Monday stayed further proceedings before Single Judge and Division Bench of Delhi High Court in the Amazon-Future-Reliance case. 

Amazon has moved the Supreme Court challenging an order dated March 22 passed by a Division Bench of the Delhi High Court staying a single-judge order. A Bench headed by Justice Rohinton F Nariman said the matter will be finally decided by the top court. The matter will be heard on May 4.

"We will stay further proceedings before Single Judge and Division Bench. Meanwhile, pleadings will be completed and the matter will come up with other matter on May 4," the apex court said. The top court was hearing an appeal of e-commerce giant Amazon challenging Delhi High Court's decision to stay an order upholding an emergency arbitrator award restraining Future Retail Limited (FRL) from going ahead with its Rs 24,731 crore assets sale deal with Reliance Retail.

On March 22, a Division Bench of High Court Chief Justice D N Patel and Justice Jasmeet Singh had stayed a March 18 order of Justice J R Midha ordering attachment of the assets of Future Coupons Private Limited (FCPL), FRL, Kishore Biyani and 10 others promoters. Amazon has been seeking enforcement of an order of the emergency arbitrator (EA) at the Singapore International Arbitration Centre (SIAC) restraining FRL from taking any steps to transfer its retail assets.

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