Note: After Supreme Court verdict, Biyani’s Future tense

This bit is important and timely, so we are breaking our regular publishing schedule for this note.

It’s been a nasty day for Kishore Biyani, the architect of modern retail in India.

This morning,  the Supreme Court held that an emergency arbitration award by the Singapore International Arbitration Centre that stalled the sale of his Future Group’s retail business to Reliance Industries was indeed valid, putting the deal in abeyance. That will also mean that the final verdict in the arbitration case will also be enforceable in India and Biyani has to wait for this before he can get on …

Author

T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor

surendar@mailtmc.com

Mumbai