On 22 January, Sony Group Corp., the Japanese parent of Sony Pictures Networks India (SPNI) and Bangla Entertainment Pvt. Ltd (BEPL), had announced the termination of the $10-billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
Amazon moves Supreme Court in Future-Reliance deal dispute PTI
Updated : Feb 11, 2021, 6:25 pm IST
Justice Midha had directed FRL and other parties to maintain status quo till pronouncement of the reserved order
Amazon has approached the Supreme court in the matter against Future, picture used for representational purposes only
New Delhi, Feb 11 (PTI) E-commerce major Amazon has moved the Supreme Court in a bid to block Future group s Rs 24,713-crore deal with Reliance, according to sources.
The development comes after a recent Delhi High Court s ruling that stayed a previous order on status quo of the deal and ruling that statutory authorities cannot be restrained from acting in accordance with law.