Amazon knocks supreme court; seeks stay on Future Group's stakeholders meet

Amazon has filed an interim application in the Supreme Court (SC) seeking a stay on the NCLT-approved Future Retail shareholders and creditors meeting, in the Future Group Vs Amazon Inc. case

The Mumbai bench of the National Company Law Tribunal (NCLT) permitted Future Group to hold a meeting in September to approve its $3.4 billion deal with Reliance Industries Ltd's (RIL's) retail unit. Despite Amazon's objections, the tribunal recently allowed Reliance Retail to call a meeting of its shareholders and creditors to seek their approval for the $3.4 billion deal.

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