Future Retail has challenged in the Supreme Court an order restraining a deal with Reliance

New Delhi: Kishore Biyani's Future Retail Ltd on Saturday said it has challenged the Delhi High Court's order blocking a Rs 24,713 crore deal with Reliance. The Delhi High Court had upheld the status quo in the case and enforced the order of the Singapore-based Emergency Arbitrator.

Future Retail had challenged the High Court order in its special leave petition filed before the Supreme Court. The case will now be heard. On February 2, a single-judge bench of the Delhi High Court directed Future Retail Limited (FRL) to maintain its status quo in the Rs 24,713 crore case involving Reliance Retail. US e-commerce giant Amazon objected to the deal.

On March 18, Singapore's emergency arbitrator also stopped Future Retail Ltd from proceeding with a Rs 24,713 crore deal with Reliance. He was to sell his retail business to Reliance Retail.

Earlier this month, promoters of Future Group, including Kishore Biyani, and some group holding companies had approached the Supreme Court against the Delhi High Court order. The company said on August 12 that Future Coupons, Future Corporate Resources, Aakar Estate and finance companies, along with Kishore Biyani, Rakesh Biyani and other members of the Biyani family, had challenged Amazon in the Supreme Court.

In August last year, Reliance Retail Ventures said it had bought Future Group's warehousing business, including retail and wholesale business and logistics, for Rs 24,713 crore. Amazon has objected to this deal. He is an investor in Amazon Coupons, which could be converted into shares of Future Retail.