Decoded: Stopping Future’s asset sale to Reliance may not be easy

In their latest effort to stall the Rs 25,000 crore-Future Group-Reliance Retail deal, Inc has asked the Delhi High Court to restrain Future Group from taking steps to sell its assets or shares and enforce the interim order passed by the Singapore International Arbitration Centre.

In its petition before the court, Amazon is said to have sought imprisonment of Future group promoters for alleged violation of securities market rules by illegally encumbering group company shares. Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for …