Supreme Court Reserves Verdict In Amazon Vs Future Case

US-based e-commerce giant Amazon.com NV Investment Holdings LLC, and Future Retail Ltd are embroiled in a legal fight over the latter's Rs 24,713 crore merger deal with Reliance Retail.

The Supreme Court on Thursday reserved its judgement in the Amazon-Future-Reliance case and will decide whether Singapore's Emergency Arbitrator Award restraining Future Retail Ltd (FRL) from going ahead with its merger deal with Reliance Retail is valid under Indian law and if it can be enforced. A bench headed by Justice Rohinton F Nariman, after hearing arguments of all parties in the case, reserved its verdict. US-based e-commerce giant Amazon.com NV Investment Holdings LLC, and FRL are embroiled in a legal fight over FRL's Rs 24,713 crore merger deal with Reliance Retail. Earlier, the bench had stayed further proceedings before single judge and division bench of Delhi High Court in the Amazon-Future-Reliance case.