In its filing to BSE, Future Retail said that the company is seeking relief from the Delhi High Court to stay and set aside the 'impugned order' of the SIAC.
The global convenience store had been planning an Indian entry since 2004. It had signed an agreement with Future Retail to open seven stores by March 2020.
“The EA Order is an order within section 17 (1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act,” Supreme Court said.
According to the Supreme Court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai.
Congress leader Rahul Gandhi arrives at Parliament during its Winter Session, in New Delhi.PTI Photo/Kamal Singh
Union Agriculture Minister Narendra Singh Tomar during the Winter Session of Parliament, in New Delhi.PTI Photo/Kamal Singh
Union Commerce and Industry Minister Piyush Goyal with Parliamentary Affairs Minister Pralhad Joshi during the Winter Session of Parliament, in New Delhi.PTI Photo/Kamal Singh
Congress leader Anand Sharma interacts with AAP MP Sanjay Singh, during the Winter Session of Parliament, in New Delhi.PTI Photo/Manvender Vashist
TMC MP Nusrat Jahan during the Winter Session of Parliament, in New Delhi.PTI Photo/Manvender Vashist
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