Future-Reliance Retail deal: Supreme Court stays Delhi HC order for seizure of Future Group’s assets

The Supreme Court has stayed the Delhi High Court’s proceedings on enforcement of Emergency Arbitrator’s award restraining FRL from going ahead with a merger deal with Reliance Retail.  The top also asked the NCLT, CCI, SEBI not to pass any final order for four weeks in matters related to the Future-Reliance Retail merger deal.

Earlier in March, a single-judge bench of the High Court had ordered the attachment of assets owned by Future Coupons, Future Retail and Future Group promoter Kishore Biyani.

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