The three way tango between Bezos, Biyani and Ambani continues with the Delhi High Court now issuing a stay on order restraining Future Retail Ltd from going ahead with its Rs 24,000 crore deal with Reliance Retail.
In a big boost to Kishore Biyani and other promoters a Division Bench of Chief Justice D.N. Patel and Justice Jasmeet Singh stayed the March 18 order of Justice J.R. Midha ordering attachment of the assets of Future Coupons Private Limited (FCPL), FRL, Kishore Biyani and 10 others promoters.
The bench division also issued notice to Amazon on Future Group's appeal challenging the single judge's March 18 judgment on the deal.