Delhi High Court rules Amazon s attempt to control Future violative of FEMA FDI financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Synopsis
The High Court had on Monday upheld Amazon s right to make representations to statutory authorities against the Future Group-Reliance Retail deal.
Reuters
Amazon had initiated arbitration to stop the Future-Retail deal and secured an emergency award (EA) temporarily pausing the deal.
New Delhi: The Delhi High Court has ruled that US e-commerce giant Amazon s attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules, the Kishore Biyani-led firm said on Wednesday.
Giving out its analysis of the Delhi High Court s December 21 judgment,