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Thursday, March 04, 2021

Delhi HC directs status quo on Future-Reliance Retail deal

The authorities have also been directed to file a status report within 10 days. “This court is satisfied that immediate orders are necessary to protect the rights of the petitioner till the pronouncement of the reserved order,” Justice J R Midha said in an interim order.

By: Express News Service | New Delhi |
Updated: February 3, 2021 12:24:46 am
Delhi HC asks MHA about action against ‘unrecognised’ IPS associationAdvocate Ankur Chibber, representing the petitioners, on Wednesday told the court that a representation seeking action against the association was also made to the MHA but the authorities have disposed of it by saying “no comments to be given”.

WHILE GRANTING interim relief to Amazon, the Delhi High Court on Tuesday directed the Future group to maintain a status quo with regard to its deal with Reliance Retail.

While directing Future group to place on record the actions taken by them after the date of Emergency Arbitrator’s award and the present status of all those actions, the court also directed all the authorities to maintain a status quo with respect to all matters in violation of the October 25, 2020 order of Emergency Arbitrator by which the Future Group was restrained from proceeding with its deal with “entities that are part of the Mukesh Dhirubhai Ambani (MDA) Group”. The authorities have also been directed to file a status report within 10 days. “This court is satisfied that immediate orders are necessary to protect the rights of the petitioner till the pronouncement of the reserved order,” Justice J R Midha said in an interim order.

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