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Future-Reliance deal: NCLT can carry on proceedings but can not pass final order, says SC The Delhi High Court on 8 February had stayed its single judge direction to FRL and various statutory authorities to maintain status quo on the mega deal (MINT_PRINT)Premium Share Via Read Full Story The Supreme Court Monday asked the National Company Law Tribunal (NCLT) not to pass a final order Future Retail Ltd’s ₹24,713-crore asset sale to Reliance Industries Ltd. The apex court also agreed to he...

Synopsis The Delhi High Court has directed Future Group and its promoter Kishore Biyani to file their reply to an appeal filed by Amazon challenging a single-judge bench’s recent observation that Reliance Retail’s deal to acquire assets of Future Retail was valid. Reuters Amazon, in its appeal, has sought setting aside the observations as they have a bearing on its case in arbitration proceedings that were initiated before the Singapore International Arbitration Centre (SIAC). Mumbai: The ...