Amazon vs Future Group: NCLT puts on hold shareholders meeting - StartupNews.fyi*


National Company Law Tribunal (NCLT) has put on hold a shareholders meeting to seek approval for its proposed $3.4 billion deal with Reliance Retail.


The meeting was originally scheduled for November 11. Due to the restraint, the retail giant has approached the tribunal, requesting permission to reschedule this meeting between November 26th and 30th. Amazon objected to the proposed meeting, citing a Supreme Court ruling in September that directed statutory bodies such as the NCLT, CCI & SEBI not to issue any final orders relating to the Amazon-FRL dispute for four weeks.

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