Supreme Court relief for Amazon in tussle with Future

BENGALURU: The Supreme Court on Monday halted the regulatory approval process for the Rs 24,713 crore ($3.4 billion) Future-Reliance Industries deal after US e-commerce giant Amazon filed a plea before the top court on February 11.

Amazon had approached the SC appealing a recent Delhi High Court decision that had lifted the earlier status quo order on the deal.

On Monday, the apex court directed the National Companies law tribunal (NCLT) to not give the final approval to the Future-RIL deal till further orders.