Business Standard

HC stays single judge order for status quo in Future, Reliance deal

The court also issued notice to Amazon and sought its stand on FRL's appeal by February 26

future retail, future group, big bazaar, bazar
Premium

Future Retail runs several well-known supermarket chains such as Big Bazaar (File photo)

Press Trust of India New Delhi
The Delhi High Court on Monday stayed its single judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail.
 
A bench of Chief Justice D N Patel and Justice Jyoti Singh passed in the interim direction on FRL's appeal challenging the February 2 order of the single judge.
 
The bench also declined Amazon's request to keep its order in abeyance for a week so that it can explore appropriate remedies.
The court while staying the February 2 order said that statutory authorities, like National Company

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in