Latest Breaking News On - Future retail shareholding agreement - Page 1 : comparemela.com

The Supreme Court on Monday sought a response from Future Retail Limited (FRL) in a plea by e-commerce giant Amazon challenging the Delhi High Court order which had stayed the implementation of status quo direction passed by single-judge of the High Court with respect to the $3.4 billion Future-Reliance deal. A bench headed by Justice Rohinton Nariman also said that while the proceedings before National Company Law Tribunal (NCLT) can go on, they should not culminate in any final order of sanction of the scheme. “Issue notice. Dasti in addition. To come up after three weeks. Rejoinder to be filed two weeks thereafter. List thereafter,” the court ordered, according to law platform Bar & Bench. “Meanwhile, the NCLT proceedings will be allowed to go on but will not culminate in any final order of sanction of scheme.”

United statesJustice rohinton narimanHonble high courtRetail ltdCoupons pvt ltdRetail limitedExchange board of india sebiMukesh reliance industriesMukesh dhirubhai ambani group impugned transactionDelhi high courtDivision bench of delhi highDivision benchSingapore international arbitration centreSupreme courtDivision bench of the high courtNational company law tribunal