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FRL-RIL deal: SC asks NCLT, CCI, Sebi not to pass final orders for 4 weeks

SC stays all proceedings for attachment pending before Delhi High Court

Supreme Court
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Press Trust of India
The Supreme Court Thursday stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore's Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL) from going ahead its Rs 24,731 crore merger deal with Reliance Retail.

A bench headed by Chief Justice N V Ramana, in a consent order, also directed the statutory authorities like National Company Law Tribunal (NCLT), Competition Commission of India (CCI) and market regulator Sebi not to pass any final order related to the merger deal for next four weeks.

It considered the statements of senior advocates Harish Salve and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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