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