After many twists and turns, including prolonged legal battles up to the Supreme Court and international arbitration proceedings, Reliance Industries Ltd (RIL) has called off the deal with Future Retail Ltd (FRL) after FRL’s secured creditors voted against the scheme.
The Supreme Court on Tuesday said that e-commerce major Amazon s interim plea seeking preservation of Future Retail s assets will be listed for hearing as early as possible.A bench headed by Chief Justice N.V. Ramana told senior advocate Gopal .
The Supreme Court on Tuesday said it would list for hearing "as early as possible" the interim plea of e-commerce major Amazon seeking preservation of Future Retail Ltd's assets besides resumption of arbitration over the merger deal with Reliance Retail. A bench headed by Chief Justice N V Ramana, which had earlier fixed Amazon's plea for hearing on March 23, told senior
Amazon and Future group are engaged in multi-forum litigations on the issue of FRL’s merger deal to the tune of Rs 24,500 crore with Reliance Retail, , amazon