Reliance-FRL Merger: Supreme Court Notice to Future Group on Plea of Amazon
A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.
New Delhi, February 9: The Supreme Court on Wednesday sought a response from the Future group on an appeal of US e-commerce major Amazon against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance.
A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23. Supreme Court Accepts Settlement Between Adani Power and Gujarat Urja Vikas Nigam in Rs 11K Crore PPA Dispute Over Supply of Electricity.
The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's Rs 24,500-crore deal with Reliance. Amazon and the Future group are engaged in the legal battle for over a year as the US major is opposing the merger of FRL with Reliance Retail.
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