In A Setback To Rs 24,713 Crore Reliance-Future Deal, Delhi HC Upholds SIAC Order Restraining Sale:

Business India

Mumbai: In a setback to the Rs 24,713 crore Reliance-Future deal, the Delhi High Court on Thursday upheld the Singapore International Arbitration Centre’s (SIAC) order barring Future Retail from continuing with the sale of its company assets to Reliance Retail, which US-based e-commerce giant Amazon challenged.

 

Justice JR Midha held the Kishore Future Group wilfully disobeyed the SIAC order and directed Kishore Biyani-led Future Retail not to take further action on the deal.

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