02/02/2021
In a big relief for Amazon, the Delhi High Court today directed Future Retail Ltd to maintain status quo in relation to its with deal with Reliance (Amazon.com NV Investment Holdings LLC v. Future Coupons Pvt Ltd & Ors).
While reserving its order in Amazon's interim plea to stop Kishore Biyani's Future Group companies and officials from relying on approvals given by statutory authorities in relation to the deal, a Single Judge Bench of Justice JR Midha said,
"...immediate orders are necessary to protect the rights of the petitioner till the pronouncement of the reserved order."
The Court accordingly ordered that till the pronouncement of the order, FRL and other respondent parties cannot proceed any further with the deal with Reliance.