NCLAT refuses to stay CCI order, agrees to hear Amazon's petition
The Future Group is pressing for Supreme Court’s approval to close the deal with Reliance
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The Future Group is pressing for Supreme Court’s approval to close the deal with Reliance
The two-member bench comprising Justices M Venugopal and V P Singh has also asked Amazon to file a convenient compilation of the voluminous petition.
The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL).
The National Company Law Appellate Tribunal today agreed to hear Amazon.com NV Investment Holdings’ challenge against the competition regulator's order suspending approval to its 2019 investment in the Future Group.
The Future Group on Tuesday submitted before the Supreme Court that Future Retail Ltd will sink with its 30,000 employees, if its over Rs 24,000 crore deal with Reliance Retail fails to reach fruition.