Amazon in Supre Court: FRL can’t seek nod for Reliance deal

NEW DELHI: E-commerce company Amazon has moved the Supreme Court against the National Company Law Tribunal (NCLT) order allowing Future Retail Ltd to seek shareholders approval for its merger with Reliance Retail.

Amazon has made a submission in the court that Future Retail should not be allowed to hold an extraordinary general meeting (EGM) to seek shareholders consent for the deal till the final verdict is passed by the Singapore International Arbitration Centre (SIAC).