Reliance-Future Retail deal: SC rules in favour of Amazon, says emergency award is enforceable

The Supreme Court on Friday ruled in favour of Amazon after the e-commerce firm filed a plea. The judgement is a blow to Future Retail's deal to merge with Reliance Retail.

The Supreme Court ruled in favour of e-commerce giant Amazon.com after it had filed a plea against a Rs 24,713 crore deal for the merger of Future Retail Limited (FRL) with Reliance Retail. The top court bench stated that the emergency award is enforceable under Indian laws and upheld the Delhi High Court judgement passed earlier. “The emergency award order is an order within Section 17 (1) and can be enforced under Section 17(2) of the Arbitration Act,” the Supreme Court said.