Supreme Court To Hear Future Group, Amazon Pleas Over Reliance Deal
NDTV
The Supreme Court also asked the Future Group to not pursue this matter - Amazon's opposition to the Future-Reliance deal - at any other forum till it hears the case
The Supreme Court has agreed to hear the Future Group's plea against the Delhi High Court's refusal to stay a Singapore tribunal order that froze the Rs 24,731 crore transaction with Reliance Retail.
The top court will hear this matter on November 23. Significantly, the court also asked the Future Group to not pursue this matter at any other forum till it hears the case.
The Future Group plea had sought court permission to hold meetings with shareholders and creditors to seek approval for the deal with Reliance Retail.
The court has also agreed to hear a plea by e-commerce giant Amazon - which is looking to block the Future-Reliance deal - that seeks to restrain Indian regulators from granting necessary clearances.