Tuesday, February 18, 2025 | 02:33 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Amazon vs Future: Relief for Biyani as SC stays proceedings in $3.4 bn deal

Three judge-bench led by CJI asks NCLT, CCI and Sebi not to pass any final order in relation to the dispute for four weeks

Kishore Biyani
Premium

Kishore Biyani | Illustration: Binay Sinha

Peerzada Abrar Bengaluru
In a major relief to Future Group, the Supreme Court (SC) on Thursday stayed the proceedings initiated by e-commerce firm Amazon for the enforcement of the emergency award passed in its favour by a Singapore-based arbitrator to halt the $3.4-billion merger deal between Future Retail (FRL) and Reliance Group.

The Bench of Chief Justice of India N V Ramana and Justices Surya Kant and A S Bopanna also directed the National Company Law Tribunal, Competition Commission of India, and markets regulator Securities and Exchange Board of India not to pass any final order in relation to the dispute for four

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in