[Breaking] CCI approves Future-Reliance deal as Delhi High Court reserves order in Future Retail suit against Amazon

A Single Judge Bench of Justice Mukta Gupta reserved the matter on the issue of grant of interim relief to Future Retail.
Reliance Amazon
Reliance Amazon

The Delhi High Court today reserved its order in the suit filed by Future Retail against Amazon in connection with its deal with Reliance, which was recently stalled by an Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC) [Future Retail v. Amazon].

Meanwhile, the Competition Commission of India (CCI) today approved the acquisition of the retail, wholesale, logistics, and warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited.

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