The Supreme Court on August 6 ruled in favour of Amazon in a case that pitched the American online major against India’s retail chain Future Group and Mukesh Ambani’s Reliance Retail, which is set to go big on e-commerce. The ruling puts the $3.4-billion merger deal between Future and Reliance on hold for now.
According to legal experts, the Supreme Court’s decision on Friday means that last October’s Singapore arbitrator’s award– that had found merit in Amazon's objections and had restrained Future Retail from proceeding with the merger deal with Reliance Retail – is valid and enforceable in India
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