Future-Reliance deal: Future Group challenges Delhi HC order halting its deal in dispute with Amazon -

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Reliance deal: Future Group challenges Delhi HC order halting its deal in dispute with Amazon

February 3, 2021

livemint said that The Delhi high court on Tuesday put a hold on Future Group’s the ₹24,713-crore retail deal with billionaire Mukesh Ambani’s Reliance IndustriesAmazon had filed an urgent petition last week seeking detention of Future Group founders, including its promoter Kishore Biyani.

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.