The Supreme Court on Tuesday allowed Future Retail Ltd (FRL) to approach the Delhi High Court seeking the court’s intervention to let the National Company Law Tribunal (NCLT) to move forward with the procedures of the FRL’s scheme of merger to sell its assets to Reliance Retail.
“We grant liberty to FRL to approach the high court in filing an application,” Chief Justice N V Ramana said in his order on Tuesday.
Earlier this month, the Supreme Court bench comprising of Chief Justice Ramana and Justices A S Bopanna and Hima Kohli had reserved its judgement in FRL’s petition.
Also, last week the apex court had rejected Amazon’s request to file written submission in that matter.
Future’s lawyer KV Vishwanathan had opposed such a move by Amazon.
