Delhi high court bench removes stay on Future deal

A division bench of the Delhi high court on Monday stayed an order of a single judge that restrained Future Retail (FRL) from proceeding with its Rs 24,713-crore deal with Reliance Retail.

It also stayed the single-judge order directing Future group founder Kishore Biyani and others to appear in the court on April 28.

Similarly, the single judge’s direction imposing a cost of Rs 20 lakh on Future Group as well as its directors, asking them to deposit it in Prime Minister’s Relief Fund within two weeks for providing Covid-19 vaccination to senior citizens below the poverty line in Delhi was also stayed.