Future-Reliance deal: Future Retail challenges Delhi HC stay

Future Retail Ltd. has challenged the order passed by a single-judge Delhi HC bench on Tuesday directing it to maintain status quo on its Rs 24, 713 crore-deal with Reliance that has been questioned by e-commerce giant Amazon.

In an urgent mentioning by Senior Counsel Darius Khambata for the Future Retail Ltd. before the bench of the Chief Justice, he urged to hear the matter on Wednesday itself. The bench agreed to hear the matter on Thursday.

Yesterday, Justice J.R. Midha directed Future Retail Limited to maintain the status quo regarding its deal with Reliance.

The bench has also advised the respondents to file an affidavit placing the action taken by them after October 25, 2020 on record. The bench further instructed all the respondents to maintain status quo with respect to all matters in violation of the order dated October 25, 2020 and shall file the status report with respect to the present status within 10 days of the receipt of this order, however, other prayers of Amazon will be considered in the reserved order.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s