Tuesday, March 2, 2021

Another key development in the Amazon-Future Group controversy

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Prime Time Zone, Webdesk: The Amazon-Future Group controversy, which has been the talk of the corporate world for some time, has once again taken a crucial turn. The apex court on Monday stayed the Delhi High Court’s order that the deal between Reliance Retail and Future Group should be kept “as is”. The Supreme Court has responded positively to Amazon’s appeal against the Delhi High Court order. Future Retail Group has issued court notices to others, including Kishore Biyani, head of the company.

Asked to be answered within another three weeks. Also, it was clarified that the trial of this case will be held after five weeks. Similarly, the National Company Law Tribunal revealed that the trial would continue. Earlier in the month, the Delhi High Court directed Reliance-Future Group to maintain the status quo on the Rs 24,713 crore deal. Amazon has appealed to the Supreme Court. In the wake of the Supreme Court ruling on Monday, the Reliance Retail-Future Group deal was once again hampered.

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Another key development in the Amazon-Future Group controversy