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Dynamite News
Dynamite News
National
DN Bureau

Amazon-Future case: SC remands dispute back to HC for fresh consideration

Future Amazon FRL EA SPORTS Reliance Retail United States Delhi High Court Reliance Future Group Future Retail Ltd
Supreme Court

New Delhi [India]: In a relief to the Future group, the Supreme Court on Tuesday set aside the previous orders of the Delhi High Court refusing to stay arbitration tribunal decision restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail.

A Bench of Chief Justice of India N V Ramana and Justices AS Bopanna and Hima Kohli remanded the pleas of Future group firms concerning Emergency Award (EA) on a merger deal with Reliance Retail back to the High Court to be heard afresh.

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