Future-Reliance deal ‘illegal and arbitrary’: Amazon tells Supreme Court

Amazon on Thursday approached the Supreme Court against Future Group’s $3.4 billion retail assets sale to Reliance Industries. The E-commerce giant termed a Delhi High Court judgment revoking a previous single judge decision blocking the deal “illegal” and “arbitrary”, reported Reuters.

The Delhi High Court had on Monday stayed an order on status quo of the deal and ruling that statutory authorities cannot be restrained from acting in accordance with the law. The order is, however, an interim one and the next hearing is on 26 February.

Amazon has said that the company will face “irreparable harm” is SC does not intervene to block the verdict. “The more progress made to complete Future-Reliance deal, the harder it will be to unravel it,” said Amazon.