HC stays order restraining FRL to go ahead with Reliance deal, asks Amazon to respond

The Delhi High Court Monday stayed a single judge’s order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon.

A division bench of Chief Justice D N Patel and Justice Jasmeet Singh also issued notice to Amazon on Future Group’s appeal challenging the single judge’s March 18 judgment on the deal by which all the objections raised by them were rejected. ”we hereby stay the order of the single judge dated March 18, 2021 till the next date of hearing,” the bench said and listed the matter for further hearing on April 30. It also stayed the single judge order to attach assets of Future Group’s Kishore Biyani and others directing them to appear in the court on April 28.