High Court rejects retail giant Future Group’s plea against Amazon

The Delhi High Court has refused to prevent Amazon from approaching the regulators in connection with the Future Retail-Reliance deal. The court also noted that the plea by Future Retail is maintainable. It said that the Future Retail resolution approving the Reliance deal is valid.

In a regulatory filing disclosing the development, FRL said,"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges."