Future-Reliance deal: SC stays proceedings in Delhi High Court, orders NCLT, SEBI, CCI not to pass any orders

The Supreme Court on Thursday put on hold for four weeks all proceedings in the Delhi High Court over the enforcement of the Singapore International Arbitration Centre’s emergency award restraining Future Retail’s deal with Reliance NSE -0.24 % Retail. It directed statutory bodies such as the National Company Law Tribunal (NCLT), Competition Commission of India (CCI) and Securities and Exchange Board of India (Sebi) not to pass any final order during this period.