Reliance deal: Future Group challenges Delhi HC order halting its deal in dispute with Amazon
Future-Reliance deal: Future Group challenges Delhi HC order halting its deal in dispute with Amazon
February 3, 2021
RHD helps officials stay off project sites
February 3, 2021
livemint said that Future Group on Wednesday has challenged the Delhi high court order that has halted sale of its to Reliance Industries Ltd (RIL) on objections retail giant Amazon, the company said in regulatory filing. “Further to our letter dated 2nd February, 2021, please be informed that the Company has filed an appeal before Hon’ble High Court of Delhi against the impugned order dated 2nd February, 2021 passed by Ld,” Future Group said.
The high court on Tuesday put a hold on Future Group’s the ₹24,713-crore retail deal with billionaire Mukesh Ambani’s Reliance Industries. The court ordered Kishore Biyani’s Future Retail Ltd to maintain status quo on the assets until “the pronouncement of the reserved order”.
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