RIL deal: Future Retail moves SC against Delhi HC order

Future Retail (FRL) on Thursday moved the Supreme Court against the Delhi High Court’s single judge’s order which in February, on the plea of Amazon, had restrained it from going ahead with its Rs 24,713-crore merger deal with Reliance Retail.

The development follows last week’s Supreme Court’s order wherein Amazon scored a major victory with the apex court upholding the Singapore International Arbitration Centre’s emergency arbitrator (EA) award restraining FRL from going ahead with its deal with the Mukesh Ambani-led company. The SC said an award of an EA is enforceable under the Indian Arbitration and Conciliation Act.