Future-Reliance deal: Amazon moves SC against HC division bench order lifting stay

Amazon on Wednesday moved the Supreme Court against the Delhi High Court division bench’s March 22 order that lifted the stay given by a single-judge bench on the Rs 24,713-crore deal Future Retail-Reliance Retail deal.

The single judge order, which was stayed by the division bench, had held Future group chairman Kishore Biyani and others guilty of going ahead with the deal and issued a show cause notice to him and other directors. The single judge had on March 21 also directed Future to approach regulatory authorities to recall all approvals granted to the deal and deposit Rs 20 lakh for violating the Singapore emergency arbitrator’s interim stay order dated October 25, 2020. The judge had also asked for attaching of Biyani’s assets and that of other directors, and asked them to appear before it on April 28.