SC issues notice to Future Retail, others on Amazon's plea to stall deal with Reliance
Future Group CEO Kishore Biyani (File photo) NEW DELHI: The Supreme Court on Monday barred a final ruling by a tribunal reviewing Future Group's $3.4 billion sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc, three sources said. Amazon appealed to the Supreme Court this month against Future Group's sale to market leader Reliance Industries , accusing its partner of violating contracts by agreeing to the sale. The outcome of the tussle involving two of the world's richest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani, could reshape India...
Source: indiatimes.com