The Supreme Court ruled in favour of Amazon against the proposed ₹247, 13-crore merger deal between Future Retail Limited and Reliance Retail.
A Bench of Justices Rohinton F Nariman and BR Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator award, which restrained Future Retail Limited from going ahead with its deal with Reliance Retail, under the Indian laws.
What does the order mean for the Future group? Forum Gandhi explains.
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