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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 hear Amazon's plea against the Delhi High Court verdict staying its single-judge directive to maintain...

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 Delhi High Court has directed Future Group and its promoter Kishore Biyani to file their reply to an...