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And now, Amazon gets SC to stay Future-Reliance deal


Firms/companies > A > Amazon
And now, Amazon gets SC to stay Future-Reliance deal
23 February 2021
The Supreme Court on Monday issued notices to Future Retail Limited and  Reliance Industries Ltd on a plaint filed by Amazon Investment Holdings challenging the Delhi High Court order which had lifted a stay order on the Future- Reliance deal passed earlier by a single judge of the court. 
A bench headed by Justice Rohinton Nariman also ordered that while the proceedings before National Company Law Tribunal (NCLT) can go on, it should not arrive at any final order of sanction of the scheme.
Issue notice. Dasti in addition. To come up after three weeks. Rejoinder to be filed two weeks thereafter. List thereafter. Meanwhile, the NCLT proceedings will be allowed to go on but will not culminate in any final order of sanction of scheme, the Court ordered. ....

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