Future-Reliance Retail deal: Supreme Court stays Delhi HC order for seizure of Future Group's assets

 

Image Source : PTI (FILE)

Supreme Court of India

The Supreme Court has stayed the Delhi High Court’s proceedings on enforcement of Emergency Arbitrator’s award restraining FRL from going ahead with a merger deal with Reliance Retail.  The top also asked the NCLT, CCI, SEBI not to pass any final order for four weeks in matters related to the Future-Reliance Retail merger deal.

Earlier in March, a single-judge bench of the High Court had ordered the attachment of assets owned by Future Coupons, Future Retail and Future Group promoter Kishore Biyani.

READ MORE: What is Amazon-Future-Reliance battle? Explained

READ MORE: Future Group promoters approach Supreme Court against Amazon

Latest Business News

nti_ts