HC verdict gained’t affect NCLT proceedings: Future Retail

New Delhi, March 19

Future Retail on Friday said the order passed by the single-member Bench of the Delhi High Court would have no impact on the NCLT proceedings for its Rs 24,713-crore deal with Reliance Industries and said it is considering “appropriate remedies” against it.

The promoters will take appropriate remedies as advised over the directions passed by Justice JR Midha, Future Retail said in a regulatory filing while hinting that it may challenge the order by filing an appeal.

“We are advised this order does not come in the way of the continuance of the ongoing NCLT proceedings, being inconsistent with the order dated February 22, 2021, of the Supreme Court,” said Future Retail. — PTI

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