InvestorQ : What is the next step in the Amazon Future group case now that court has ruled in favour of Amazon?
shrinidhi Rajan made post

What is the next step in the Amazon Future group case now that court has ruled in favour of Amazon?

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4 months ago
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As you rightly said, the Supreme Court ruled in favour of Amazon, but let us look at the nuances of the case. This pertains to the Rs.24,500 crore deal by which RIL was to acquire the retail operations of Future group. Amazon objected to the deal protesting that the deal was in contravention of the agreement between Amazon and Future Coupons. Amazon had approached SIAC which had passed an order asking for the deal to be put on hold.

This is not the end of the road as there are options available. There are legal options. Supreme Court has passed an order on validity of SIAC order. The first step is to await the final SIAC order based on the merits of the case. If the order is in favour of the Future group, the deal can go ahead. If the SIAC rules against Future group, the High Court and then the Supreme Court can be approached for a second review. The game is far from over.

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