Future Group moves NCLT for approval to hold shareholders meeting

Reliance group entities have also moved an application in NCLT seeking approval to go ahead with the amalgamation deal with Future

Future Group has moved an application in the Mumbai bench of National Company Law Tribunal (NCLT) seeking the tribunal's approval to hold its shareholders meeting on the scheme of amalgamation with Reliance group.

The application was moved under Sections 230–232 of the Companies Act, 2013.

E-commerce giant Amazon wanted to intervene and has objected to Future group's application as related cases pertaining to the deal struck by the retail giant with Reliance group entities are pending in the Delhi High Court and the Supreme Court.

Reliance group entities have also moved an application in the NCLT seeking approval to move ahead with the