Reliance-Future Group deal

The Supreme Court on Friday upheld the Delhi High Court Single-Judge order on Amazon's petition against the Future-Reliance deal and held that Singapore's Emergency Arbitrator Award, restraining Future Retail from going ahead with its merger deal with Reliance Retail

The Supreme Court on Tuesday started hearing on the petition filed by Amazon against the Delhi High Court Division Bench order, which had stayed the order of the Single-Judge Bench, directing a status quo on the Future-Reliance deal.

Future Retail Limited has challenged the order passed by a single-judge Delhi High Court bench yesterday directing it to maintain status quo on its Rs 24, 713 crore-deal with Reliance that has been objected to by e-commerce giant Amazon.

Future Retail had alleged that the company in the e-commerce sector was allegedly interfering in the deal worth Rs 24,713 crore based on an interim order by the International Tribunal of Singapore.