The Delhi High Court restrained Future-Reliance Retail deal
HC held that Future Retail ‘wilfully violated Singapore Arbitrator’s order’
The court also directed the Group to approach regulatory authorities to recall approvals granted to the deal
The group will also have to deposit Rs 20 lakh as a cost for violating the Singapore Arbitrator’s order
The money will go to the PM’s National Relief Fund and will be used for COVID vaccination of the poor
Earlier, the HC had directed Future Retail to maintain the status quo of Rs 24,713 Cr deal with Reliance Retail
