In a hearing conducted through video conferencing, an SC refused to entertain the appeal of the UBS Bank against the March 30 order of the Bombay High Court. New Delhi: The Supreme Court on Friday refused to interfere with the Mumbai High Court order granting interim protection to Future Goup by barring IDBI Trusteeship Services Ltd from invoking pledged shares of Future Retail on behalf of UBS AG till 4 May.
The Mumbai High Court on 30 March had passed this order amid share prices of Future Group companies plummeting because of extreme market volatility due to the Covid-19 pandemic and the restrictions put in place to contain it.