Blow to Amazon: Delhi High Court allows Future Group to go ahead with RIL deal

The Delhi High Court’s division bench on Monday stayed the single judge’s order passed on February 2, which had directed Future Group to maintain status quo till further orders with regard to its `24,713-crore deal with Reliance Retail wherein it has sold certain retail assets to the latter.

The division bench also rejected the request of the counsel of the party opposing the deal, Amazon, to keep the order in abeyance for a week so that it could explore alternative remedies.

The order comes as a big relief for Future as it can now go ahead with the formalities related to completing the transaction as the concerned regulatory authorities can go ahead and give their nod to the deal.