
New Delhi, 11 November 2021
As per news report of NDTV,The top court will hear this matter on November 23. Significantly, the court also asked the Future Group to not pursue this matter at any other forum till it hears the case. The Future Group plea had sought court permission to hold meetings with shareholders and creditors to seek approval for the deal with Reliance Retail. The court has also agreed to hear a plea by e-commerce giant Amazon - which is looking to block the Future-Reliance deal - that seeks to restrain Indian regulators from granting necessary clearances. Amazon has said the proposed Future-Reliance merger violates a 'no-compete' deal between itself and the Future Group. A notice has been issued by the court in this context.
Source - NDTV
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