The Supreme Court has halted the regulatory approval for Future Group's deal with Reliance after Amazon filed a fresh petition. The top court has also issued a notice to Future Retail, Kishore Biyani and others.
The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon's plea against the Delhi High Court direction to maintain the status quo on the Future-Reliance deal.
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New Delhi:The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon’s plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal.
The apex court said the proceedings before the National Company Law Tribunal (NCLT) will go on and but will not culminate into any final order on amalgamation of FRL with Reliance.
A bench comprising Justices R F Nariman and B R Gavai issued notices to FRL, Chairperson Kishore Biyani and others and sought their replies.
The reply be filed in three weeks and a rejoinder to it after two weeks thereafter, the bench said, adding that the appeal will be listed for hearing after five weeks.
The court passed the direction while dealing with the appeal filed by Amazon Inc challenging the order of February 8 given by the division bench of the Delhi HC
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