SC issues notice to Future Retail on Amazon's plea against deal with Reliance Group

The fate of the Rs 27,513 crore Future Retail-Reliance Group deal hangs in balance as the Supreme Court has issued a notice to Future Retail on an appeal by Amazon against the February 8 division bench order of the Delhi High Court which had allowed the deal to proceed. While allowing the NCLT to continue hearing on amalgamation proceedings between Future Retail and Reliance Group, the final approval to the deal can't be given without the apex court's nod. Future Retail will have to file its reply in 3 weeks, while Amazon will get two weeks to file its counter reply. The case is likely to be listed for hearing before the top court in the last week of March.