Supreme Court to pronounce verdict on Amazon’s pleas against FRL-Reliance deal on Friday

The Supreme Court is scheduled to pronounce on Friday the verdict on e-commerce giant Amazon’s pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail and is likely to decide whether Singapore’s Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore deal, was valid under Indian law and can be enforced.

As per apex court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai which had reserved it on July 29 after hearing battery of lawyers including senior advocates Harish Salve and Gopal Subramanium, appearing for FRL and Amazon respectively.