Supreme Court reserves verdict on Amazon’s pleas against FRL-Reliance deal

The Supreme Court today reserved verdict on Amazon’s pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail and would rule whether Singapore’s Emergency Arbitrator (EA) award, restraining the Rs 24,731-crore deal, was valid under Indian law and can be enforced.

Amazon and FRL are embroiled in a legal fight over the deal and the US-based firm has sought in the apex court that the EA award was valid and enforceable.