Amazon moves Supreme Court against Future Group shareholders' meet

Amazon has sought the top court's direction to set aside the NCLT order that allowed Future Group firms to hold EGMs for Reliance Retail deal

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Amazon, which holds 50 per cent in a holding company of Future Retail, moved an arbitration court in Singapore.

Dev Chatterjee Mumbai
American retail giant Amazon has moved the Supreme Court, appealing against a National Company Law Tribunal (NCLT) order that had allowed the Future Group’s listed companies to hold shareholders' and creditors' meetings to clear its proposed transaction with Reliance Retail Ventures.
 
In its application, Amazon has urged the Supreme Court to pass an order to set aside the September 28 order of the NCLT, Mumbai Bench, pending disposal of the case by the top court.
 
On September 28, the NCLT Mumbai Bench had allowed Future Group firms to hold extraordinary general meetings (EGMs) of their shareholders and creditors

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First Published: Oct 21 2021 | 11:50 PM IST

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