Supreme Court of India on Friday passed its judgement inter-alia stating that Emergency Arbitrator’s order holds good under section 17(1) of the Arbitration and Conciliation Act and such award cannot be appealed under Section 17(2) of the Act. 

Future Retail said, “The judgement addresses two limited points related to the enforceability of the Emergency Arbitrator’s order and not the merits of the disputes. The full copy of the judgement is awaited. FRL is advised that it has remedies available in law, which it will exercise.” “The Arbitral Tribunal has concluded hearings on the questions (i) whether the interim award of the emergency arbitrator should continue and (ii) whether FRL is at all a party in the Arbitration proceedings.