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Reliance-Future deal: Delhi HC rejects plea for injunction against Amazon

Court prima facie finds suit filed by Future Retail is maintainable, Emergency Award valid, and Future Retail's resolution approving deal with Reliance was also valid

Lenders to Biyani’s personal entities and listed companies are also awaiting the fate of their dues from Future
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In August, retail conglomerate Future Group struck a $3.4 billion asset sale deal with Reliance Industries Ltd (RIL)

Peerzada Abrar Bengaluru
The Delhi High Court on Monday refused to restrain Jeff Bezos-led Amazon from interfering in Kishore Biyani-headed Future Retail’s $3.4 billion deal with Mukesh Ambani-owned Reliance Retail by writing to statutory authorities.

The order was pronounced by a Single Judge Bench of Justice Mukta Gupta in the suit by Future Retail Ltd after an Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC) restrained Future Group from taking any steps in furtherance of the transaction with Reliance Retail, according to the information available on law platform Bar & Bench.

“However, the court passed a neutral observation that the balance of

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First Published: Dec 21 2020 | 7:39 PM IST

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