Reliance-Future deal: NCLT reserves order on Reliance Retail plea to seek shareholder nod

Описание: The Mumbai bench of the National Company Law Tribunal (NCLT) reserved order on Reliance Retail's plea to call for a shareholder meeting on August 3 to seek approval from the shareholders for the deal with Future Retail. NCLT also sought clarity on whether lenders of Future Retail are on board with the Rs 24,713 crore deal, to which Reliance's Senior Counsel Janak Dwarkadas responded saying that the lenders have been taken into confidence and will also meet at a later date to consider the scheme. In the hearing which took place over two days, Amazon registered its objection to allowing Reliance Retail to seek shareholder nod.
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