10 May 2022, Mumbai:
Delhi High Court on Monday observed that Future Retail Limited (FRL) may not have been in breach of SIACs ruling on account of the February take over of around 900 Future Group outlets by Reliance Industries (RIL).
ALSO READ Future of Future Group?
It can be argued that FRL surrendered leases to the landlord who got into a pact with RIL, observes the court.
RELEVANT NEWS Future group promoter plans to plot a comeback in retail space
Over the weeks' Amazon has been raising the issue of Reliance's February to take over of more than 800 FRL stores in the Delhi High Court.
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CREDITS: ET Dt 10-05-2022 (The news article has not been edited by DFU Publications staff)
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