SIAC

The Supreme Court on Wednesday, ordered to restart the proceedings before the SIAC tribunal in the Future Retail‘s merger with Reliance Retail Ltd. deal to the tune of Rs 24,500 crore.

The Supreme Court today ...

The Supreme Court on Tue...

The petition has been moved by Amazon.Com NV Investment Holdings LLC against Future Coupons Private Limited, Future Retail Limited, & Ors, to restrain it from alienating, disposing of, transferring its assets.

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.

The interim relief granted by the Singapore International Arbitration Centre to Amazon with regard to a Rs 24,713-crore deal between Future Group and RIL is likely to be challenged.