 "kishore biyani, future group, big bazar")
In relief for Amazon, Delhi HC puts Future-Reliance deal on hold
In a win for e-commerce firm Amazon, the Delhi High Court on Thursday upheld the Emergency Award passed against the $3.4-billion Future-Reliance deal. The order, passed by a single-judge Bench of Justice J R Midha, will restrain Future Retail from going ahead with the deal. The court also imposed a penalty of Rs 20 lakh on Future and the money will go to the Prime Minister's Relief Fund. The court held that Future Retail, Future Coupons (the promoter entity of Future Retail), founder and owner Kishore Biyani and others
