Future v Amazon: "35,000 Jobs Will Be Saved, Banks Will Be Paid, No Shops Will Be Closed If Reliance Deal Goes Through" Future Group Lawyers To Supreme Court
2 years, 10 months ago

Future v Amazon: "35,000 Jobs Will Be Saved, Banks Will Be Paid, No Shops Will Be Closed If Reliance Deal Goes Through" Future Group Lawyers To Supreme Court

Live Law  

In the Amazon-Future case, the Future Group on Thursday submitted before the Supreme Court that if Future Retail Ltd's deal with the Reliance goes through, 35000 jobs will be saved, no shops will be closed, Banks will be paid out as well, and FRL's debt will be paid to the last rupee.Senior Advocate Harish Salve appearing for Future Retail was arguing in favour of NCLT proceedings with regard. The appeals remanded back to High Court were filed challenging High Court's orders directing coercive steps against Future group and the order refusing to stay the Singapore Arbitration Tribunal's refusal to vacate the Emergency Award which restrained Future's deal with Reliance. : Bench asks Amazon Responding to the Court's query, Mr Subramanium submitted that the question of jurisdiction is an objection maintainable under Section 16 of the Arbitration Act, and FRL's objection has already been dismissed. So according to Mr Subramanium, the Supreme Court's interim order in Future's SLP permitting NCLT to continue the proceedings will also be vacated once as it was subjected to Arbitration Tribunal's order dismissing FRL's application to vacate the Emergency Arbitrator's order.

India Supreme Court High Court Arbitration Future Court Order Tribunal Nclt Proceedings Supreme Banks Bench Single Injunction Reliance Cci Slp Section 37 Submitted Harish Salve Salve Frl Future Retail Interim Order No Shops Mr Salve Emergency Arbitrator Section 16 Of Subramanium Future Group Mr Rohatgi Mr Subramanium Nclt Proceedings Final Award  injunction  reliance  submitted  supreme  mr  arbitration  group  jobs  order  saved  proceedings  tribunal  frl  subramanium  paid  v  shops  court  lawyers  future

History of this topic

Amazon Moves Supreme Court Challenging CCI's Decision To Revoke Approval For Deal With Future Coupons
2 years, 3 months ago

Amazon Moves Supreme Court Challenging CCI's Decision To Revoke Approval For Deal With Future Coupons

Live Law  

Amazon.com NV Investment Holdings LLC has approached the Supreme Court assailing the order of the National Company Law Appellate Tribunal, which rejected Amazon's plea challenging thedecision of Competition Commission of India to keep the approval granted to the e-commerce giant's deal with Future Coupons in abeyance. FCPL filed an application before the CCI under Sections 43A, 44 and 45 of …

Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL
2 years, 8 months ago

Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL

ABP News  

New Delhi: The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and …

Supreme Court Disposes Amazon-Future Case As Parties Agree To Resume Singapore Arbitration Proceedings
2 years, 8 months ago

Supreme Court Disposes Amazon-Future Case As Parties Agree To Resume Singapore Arbitration Proceedings

Live Law  

The Supreme Court on Wednesday recorded the agreement between Amazon and Future Group to approach the Singapore Arbitration Tribunal to resume the arbitration proceedings on an understanding that the Tribunal will on priority hear Future Retail Ltd's application seeking termination of the arbitration proceedings instituted by Amazon against the FRL's merger with Reliance Group. Based on the agreement by parties …

Amazon & Future Retail Agree In Supreme Court To Appear Before Singapore Arbitration Tribunal
2 years, 8 months ago

Amazon & Future Retail Agree In Supreme Court To Appear Before Singapore Arbitration Tribunal

Live Law  

Amazon and Future Retail Ltd on Monday expressed their agreement before the Supreme Court to appear before the Singapore Arbitration Tribunal. The development happened in the special leave petition filed by Amazon challenging the Delhi High Court's order which stayed the arbitration proceedings on a challenge made by FRL. Background: The Apex Court was hearing a special leave petition filed …

Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court
2 years, 8 months ago

Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court

Live Law  

Seeking orders to restrain Future Retail Limited from alienating its assets, e-commerce giant Amazon submitted before the Supreme Court that the FRL was acting in collusion with Reliance so to let the latter take over the former's stores in violation of the injunction orders. Amazon's Notice: Amazon has also issued a public notice alleging that Future Group is on the …

Amazon vs Reliance: Future of retail supremacy in India hangs in balance
2 years, 9 months ago

Amazon vs Reliance: Future of retail supremacy in India hangs in balance

India Today  

Amazon and Future group have been locked in a complex legal stand-off for more than a year now. AMAZON TO SUPREME COURT Amazon has apprehended the "disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A …

Amazon driving us to our knees, we're broke: Future Retail to Supreme Court
2 years, 9 months ago

Amazon driving us to our knees, we're broke: Future Retail to Supreme Court

India Today  

US e-commerce major Amazon told the Supreme Court on Tuesday that the talks with the Future Group to resolve the dispute over Future Retail's merger deal with Reliance Retail have failed and sought intervention to ensure that the stores of FRL are not taken over. The bench, also comprising justices A S Bopanna and Hima Kohli, is hearing Amazon's appeal …

'Can't Stop Reliance Taking Over Stores As We're Broke' : Future Retail Tells Supreme Court In Amazon's Case
2 years, 9 months ago

'Can't Stop Reliance Taking Over Stores As We're Broke' : Future Retail Tells Supreme Court In Amazon's Case

Live Law  

"We've been saying from day one that Amazon is driving us to our knees, they have done it, we're broke. Senior Advocate Harish Salve appearing for Future Retail Limited made the submission before a Bench comprising the Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli. The submission came in response to the contention put forth …

Amazon Plans To File Criminal Case Against Future Over Store Transfers To Reliance, Says Report
2 years, 9 months ago

Amazon Plans To File Criminal Case Against Future Over Store Transfers To Reliance, Says Report

ABP News  

New Delhi: US e-commerce giant Amazon Inc plans to start criminal proceedings against its Indian partner Future Retail this week for allowing transfer of assets to Reliance Industries despite a legal prohibition, quoting sources Reuters reported on Thursday. Amazon and Future Group have been tangled in a legal impasse for over a year that has stalled the Indian firm’s $3.4-billion …

Delhi High Court Commences Hearing In Amazon - Future Dispute
2 years, 9 months ago

Delhi High Court Commences Hearing In Amazon - Future Dispute

Live Law  

The Delhi High Court on Monday commenced hearing in a bunch of pleas pertaining to disputes between Amazon and Future Group, over the latter's deal with Reliance Retail.A single judge bench comprising of Justice C Hari Shankar is hearing a batch of petitions and appeals listed pursuant to the judgment dated 1st February, 2022 passed by the Supreme Court in …

Future Retail-Reliance Merger: SC Allows Future Retail To Move HC To Seek Resumption Of NCLT Proceedings
2 years, 10 months ago

Future Retail-Reliance Merger: SC Allows Future Retail To Move HC To Seek Resumption Of NCLT Proceedings

ABP News  

New Delhi: In a crucial direction from the Supreme Court, Future Retail has been allowed to move Delhi High Court to seek permission for continuation of proceedings before the National Company Law Tribunal related to the sanction for its Rs 27,513-crore deal with Reliance Retail Ventures Ltd. A bench headed by Chief Justice N.V. Ramana and comprising Justices A S …

Approach HC to go ahead with NCLT proceedings: SC to FRL
2 years, 10 months ago

Approach HC to go ahead with NCLT proceedings: SC to FRL

Hindustan Times  

The Supreme Court on Tuesday asked Future Group to approach the Delhi high court with its plea seeking continuation of proceedings before the National Company Law Tribunal to get final approval for the proposed $3.4 billion sale of its retail assets to Reliance. The top court refrained from examining the rival contentions of Future and Amazon on the aspect of …

Amazon- Future Disputes: Delhi High Court To Commence Hearing On February 24
2 years, 10 months ago

Amazon- Future Disputes: Delhi High Court To Commence Hearing On February 24

Live Law  

The Delhi High Court on Friday said that it will commence hearing in a bunch of pleas pertaining to disputes between Amazon and Future Group, over the latter's deal with Reliance Retail, on February 24. Recently, the The Supreme Court had set aside the orders dated 02.02.2021 and 18.03.2021 passed by a single judge of the High Court ordering coercive …

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay
2 years, 10 months ago

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay

The Hindu  

The Supreme Court on Wednesday decided to consider a plea by e-commerce giant Amazon against a Delhi High Court stay on proceedings before a Singapore arbitral tribunal against Future group's ₹ 24,500 crore proposed deal with Reliance. The Hindu podcast | The battle between Reliance and Amazon for the Future of Indian retail A three-judge Bench led by Chief Justice …

FRL-Reliance merger: Supreme Court notice to Future group on plea of Amazon
2 years, 10 months ago

FRL-Reliance merger: Supreme Court notice to Future group on plea of Amazon

Deccan Chronicle  

New Delhi: The Supreme Court Wednesday sought a response from the Future group on Amazon's plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance. The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on …

Lenders to Future Retail call for its assets to be put up for auction
2 years, 10 months ago

Lenders to Future Retail call for its assets to be put up for auction

Live Mint  

Lenders to Future Retail, the company being fought over by Reliance Industries and Amazon.com Inc, have told India's Supreme Court that its assets should be put up for auction after it missed payments. "Let it be subjected to an open bid.This is the only solution," Rakesh Dwivedi, a lawyer acting for 30 or so of Future's lenders, told the Supreme …

SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8
2 years, 10 months ago

SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8

ABP News  

New Delhi: In a recent development in the Amazon-Future Group case, the Supreme Court has agreed to hear an appeal by US e-commerce giant Amazon against the stay on arbitration order between the Future group and Amazon on February 8. On Tuesday, the SC had put aside the orders of the Delhi HC bench which also refused the arbitration that …

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits
2 years, 10 months ago

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

The Hindu  

The Supreme Court on Tuesday remanded to the Delhi High Court the Amazon- Future group dispute, asking it to hear the case afresh on merits, uninfluenced by “any observations” made in orders passed in 2021. A three-judge Bench led by Chief Justice of India N.V. Ramana set aside three orders of the Delhi High Court passed last year, on February …

In latest twist, India’s Future Group challenges lenders in court
2 years, 10 months ago

In latest twist, India’s Future Group challenges lenders in court

Al Jazeera  

It’s asking India’s top court to order its lenders and central bank to give it more time, not classify it as a defaulter. Indian retailer Future Group is challenging its lenders in the Supreme Court to avoid facing insolvency proceedings over missing payments, citing its dispute with partner Amazon.com Inc, according to a legal filing reviewed by Reuters. Future, the …

'Future Retail Will Sink With 30,000 Employees If Reliance Deal Doesn't Get Through' : Future Group Lawyers To Supreme Court In Case Against Amazon
2 years, 11 months ago

'Future Retail Will Sink With 30,000 Employees If Reliance Deal Doesn't Get Through' : Future Group Lawyers To Supreme Court In Case Against Amazon

Live Law  

In the Amazon-Future case, the Future Group on Tuesday submitted before the Supreme Court that being in a financially precarious situation, Future Retail Ltd will "sink with 30,000 employees losing their jobs" if the Rs 26,000 crores deal with the Reliance doesn't go through.Both FRL and Future Coupons Pvt Ltd argued that FRL should be allowed to go forward with …

Decoding the multilayered Amazon-Future-Reliance legal drama
2 years, 11 months ago

Decoding the multilayered Amazon-Future-Reliance legal drama

Hindustan Times  

New Delhi: US-e-commerce giant Amazon and India’s Reliance Industries have been locked in a fierce battle for the future -- almost literally. The Delhi high court Future Group went to the Delhi high court against Amazon, imploring the court to restrain the US-based e-commerce major from writing to Sebi, CCI, and other regulators about SIAC’s order. While the arguments before …

Delhi High Court stays Amazon-Future arbitration over Reliance deal
2 years, 11 months ago

Delhi High Court stays Amazon-Future arbitration over Reliance deal

The Hindu  

The Delhi High Court on Wednesday stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's ₹24,500-crore deal with Reliance. The high court also stayed a single judge's January 4 order that had dismissed the Future Group's two pleas seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against the former's deal with …

HC junks Future’s plea on arbitration with Amazon
2 years, 11 months ago

HC junks Future’s plea on arbitration with Amazon

The Hindu  

The Delhi High Court on Tuesday dismissed pleas by Future Group companies to direct the arbitration tribunal adjudicating on Amazon’s objections against their deal with Reliance, to decide on their termination applications first before continuing with the arbitration proceedings. Justice Amit Bansal noted the grievance of the Future Group was that in terms of the December 2021 orders of the …

Delhi HC dismisses Future Group's plea for termination of Amazon arbitration
2 years, 11 months ago

Delhi HC dismisses Future Group's plea for termination of Amazon arbitration

India Today  

The Delhi High Court Tuesday dismissed two Future Group's pleas seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against Future Group's deal with Reliance, to take a decision on their application for terminating the arbitration proceedings before moving any further. Amazon and Future have been locked in a bitter legal tussle after the US e-commerce giant dragged Future …

Delhi High Court Reserves Order On Plea By Future Group Challenging Orders Of Singapore Tribunal Refusing To Terminate Arbitration Proceedings
2 years, 11 months ago

Delhi High Court Reserves Order On Plea By Future Group Challenging Orders Of Singapore Tribunal Refusing To Terminate Arbitration Proceedings

Live Law  

The Delhi High Court will tomorrow pronounce orders on the plea filed by Future Group challenging the two orders passed by Singapore Arbitration Tribunal deferring hearing in it's plea seeking termination of arbitration proceedings after final hearing from January 5 to 8, 2022. Amazon invoked arbitration proceedings in Singapore to halt Future Retail's deal with the Reliance group. Background Justice …

Amazon asks CCI to revoke Reliance-Future deal approval
3 years ago

Amazon asks CCI to revoke Reliance-Future deal approval

Live Mint  

Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows. The battle between two of the world's richest men, Amazon founder Jeff Bezos and Reliance Industries Ltd boss Mukesh Ambani, marks a …

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report
3 years ago

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report

India Today  

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed. The Competition Commission of India in June accused Amazon of concealing facts and making false submissions when it sought approval for the …

Future Retail Employees Ask SC to Sell Its Retail Assets, Rule Against Amazon
3 years, 1 month ago

Future Retail Employees Ask SC to Sell Its Retail Assets, Rule Against Amazon

News 18  

Employees of India’s Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by Reuters. Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries …

Future v. Amazon: Supreme Court To Hear on 23 Nov Future's Plea Against Delhi HC's Refusal To Stay Singapore Tribunal's Order Halting Reliance Deal
3 years, 1 month ago

Future v. Amazon: Supreme Court To Hear on 23 Nov Future's Plea Against Delhi HC's Refusal To Stay Singapore Tribunal's Order Halting Reliance Deal

Live Law  

The Supreme Court on Thursday agreed to hear Future Group's special leave petition challenging Delhi High Court's 29th October order refusing to grant an ad interim stay on the order passed by a Singapore based Arbitration Tribunal which refused to interfere with the Emergency Award restraining it to continue with the Reliance deal.The Singapore International Arbitration Centre had in. The …

Future v. Amazon: Delhi High Court Refuses To Stay Singapore Based Tribunal's Order Halting Reliance Deal
3 years, 1 month ago

Future v. Amazon: Delhi High Court Refuses To Stay Singapore Based Tribunal's Order Halting Reliance Deal

Live Law  

The Delhi High Court on Friday rejected the plea filed by Future Group seeking an ad interim stay on the order passed by a Singapore based Arbitration Tribunal, refusing to interfere with the Emergency Award restraining it to continue with the Reliance deal.The Singapore International Arbitration Centre last week had rejected Future Group's plea to vacate the interim stay on …

Future asks Delhi court to quash Singapore panel’s block on RIL deal
3 years, 1 month ago

Future asks Delhi court to quash Singapore panel’s block on RIL deal

Live Mint  

New Delhi: India's Future Retail has asked a Delhi court to quash a decision by a Singapore arbitration panel that has kept the $3.4 billion sale of Future's retail assets in limbo while the panel hears objections from Amazon.com Inc. Amazon has mounted legal challenges against Future's planned asset sale to market leader Reliance Industries since last year, accusing the …

Future Gets NCLT Go-ahead to Conduct Shareholders Meeting for Deal with Reliance: Sources
3 years, 2 months ago

Future Gets NCLT Go-ahead to Conduct Shareholders Meeting for Deal with Reliance: Sources

News 18  

The National Company Law Tribunal on Tuesday allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail Ltd. A Mumbai-based two-member NCLT bench comprising Suchitra Kanuparthi and Chandra Bhan Singh dismissed the application filed by e-commerce major Amazon opposing the scheme of merger of the …

Amazon -Future Dispute : Fair Opportunity Must In A Case Of 'This Magnitude', Says Supreme Court [Full Court Room Exchange]
3 years, 3 months ago

Amazon -Future Dispute : Fair Opportunity Must In A Case Of 'This Magnitude', Says Supreme Court [Full Court Room Exchange]

Live Law  

The Supreme Court on Thursday stayed the proceedings in the Delhi High Court in relation to the attachment of the assets of Future Retail Limited and its promoters for alleged breach of the Emergency Award passed in favour of Amazon. Courtroom Exchange: Order of Single judge is wrong & contrary to Natural Justice: Senior Advocate Harish Salve for Future Retail …

SC stays proceedings in Future Group, Amazon dispute
3 years, 3 months ago

SC stays proceedings in Future Group, Amazon dispute

The Hindu  

The Supreme Court on Thursday stayed proceedings in the dispute between Future Group and e-commerce giant Amazon over a nearly ₹25,000-crore merger deal with Reliance Retail, taking into consideration the “balance of interests of both parties”. The stay order and subsequent freeze on any action by statutory authorities for the next four weeks comes as a relief for the Future …

Amazon- Future Dispute : Supreme Court Stays Enforcement Proceedings In Delhi High Court
3 years, 3 months ago

Amazon- Future Dispute : Supreme Court Stays Enforcement Proceedings In Delhi High Court

Live Law  

The Supreme Court on Thursday stayed the proceedings instituted by global e-commerce giant Amazon for the enforcement of the Emergency Award passed in its favour by a Singapore-based arbitrator which halted the merger deal between Future Retail Limited and Reliance group.The Court also asked all authorities including the NCLAT, CCI and the SEBI to not pass final orders for four …

Future seeks urgent hearing on RIL deal
3 years, 3 months ago

Future seeks urgent hearing on RIL deal

Hindustan Times  

Future Group on Friday urged the Supreme Court to grant an urgent hearing of its appeal against a Delhi high court order which seeks to stall its $3.4 billion sale of retail assets to Mukesh Ambani’s Reliance Industries Ltd apart from attaching the assets of the Group’s chairman Kishore Biyani and other directors. Appearing for the group companies, senior advocates …

Future-RIL deal: Amazon flags Supreme Court’s ruling to SEBI
3 years, 3 months ago

Future-RIL deal: Amazon flags Supreme Court’s ruling to SEBI

The Hindu  

Amazon has written to SEBI requesting the regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed ₹24,713-crore Future-Reliance deal. The U.S. e-commerce giant has also urged SEBI to take necessary action to comply with the recent Supreme Court judgment related to the deal. “In light of the directions contained in the Enforcement …

Supreme Court Rules In Favour Of Amazon In Case Against Future Retail.
3 years, 4 months ago

Supreme Court Rules In Favour Of Amazon In Case Against Future Retail.

Live Law  

The Supreme Court on Friday ruled in favour of e-commerce giant Amazon in its dispute with Future Retail Limited over the latter's merger deal with Reliance group. "We declare that full party autonomy is given by the Arbitration Act to have a dispute decided in accordance with institutional rules which can include Emergency Arbitrators delivering interim orders, described as "awards". …

Future Group Agreed To Emergency Arbitration, Amazon Argues; Supreme Court Reserves Judgment
3 years, 4 months ago

Future Group Agreed To Emergency Arbitration, Amazon Argues; Supreme Court Reserves Judgment

Live Law  

Amazon on Thursday told the Supreme Court that the Division Bench of the Delhi High Court erred in staying the order of the Single Judge for enforcement of the Emergency Arbitrator's interim injunction against the transaction relating to the transfer of Future Retail's retails assets to Mukesh Dhirubhai Ambani Group.The bench of Justices Rohinton Nariman and B. R. Gavai was …

Future Retail's Appeal Against Emergency Award Not Maintainable, Amazon Argues In Supreme Court
3 years, 5 months ago

Future Retail's Appeal Against Emergency Award Not Maintainable, Amazon Argues In Supreme Court

Live Law  

"Award delivered by the Emergency Arbitrator is valid, and Future Retail Ltd.'s interference is uncalled for", submitted Senior Advocate Gopal Subramanian, appearing for Amazon.com NV Investment Holdings LLC, to the Supreme Court in the appeal filed by Amazon pertaining to the Reliance-Future deal. A Bench headed by Justice Rohinton F. Nariman was hearing Amazon's challenge to an order dated March …

Supreme Court To Hear Amazon-Future-Reliance Case On July 20
3 years, 5 months ago

Supreme Court To Hear Amazon-Future-Reliance Case On July 20

Live Law  

The Supreme Court on Thursday adjourned to July 20th the hearing of the petition filed by Amazon challenging an order dated March 22 passed by a Division Bench of the Delhi High Court staying a single-judge order which had upheld the Emergency Award passed by a Singapore Tribunal halting the Reliance-Future deal. Mr Salve further suggested that the Bench may …

Supreme Court Stays All Proceedings In Delhi High Court On Amazon-Future Case
3 years, 8 months ago

Supreme Court Stays All Proceedings In Delhi High Court On Amazon-Future Case

Live Law  

The Supreme Court on Monday stayed further proceedings before single judge and Division Bench of Delhi High Court in Amazon-Future-Reliance case. A bench comprising Justices RF Nariman, BR Gavai and Hrishikesh Roy passed the order in an special leave petition filed by Amazon.Com NV Investment Holdings LLC.Amazon has moved the Supreme Court challenging an order dated March 22 passed by …

Delhi HC stays order restraining Future Retail to go ahead with Reliance deal
3 years, 9 months ago

Delhi HC stays order restraining Future Retail to go ahead with Reliance deal

India TV News  

The Delhi High Court on Monday stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. A division bench of Chief Justice D N Patel and Justice Jasmeet Singh also issued notice to Amazon on Future …

Breaking: Future-Amazon Case :Delhi High Court Stays Single Bench Order Upholding Emergency Award
3 years, 9 months ago

Breaking: Future-Amazon Case :Delhi High Court Stays Single Bench Order Upholding Emergency Award

Live Law  

A division bench of Chief Justice DN Patel and Justice Jasmeet Singh of the Delhi High Court today stayed the operation of a Single-Judge bench order which had upheld an Emergency Award by a Singapore Tribunal against the contested Reliance-Future Retail Ltd retail stake sale deal worth nearly Rs.25,000 cr. Senior Advocate Harish Salve appeared for Future Retail Ltd and …

Future -Amazon Case : FRL Appeals To Delhi High Court DB Against Single Bench Order Upholding Emergency Award
3 years, 9 months ago

Future -Amazon Case : FRL Appeals To Delhi High Court DB Against Single Bench Order Upholding Emergency Award

Live Law  

Challenging the Single-Judge bench order of the Delhi High Court upholding an award by a Singapore Tribunal against the contested Reliance-Future Retail Ltd stake sale deal worth nearly Rs.25,000 cr, the Future Group companies have moved the Delhi High Court in appeal. A single judge bench of Justice Midha of the Delhi High Court had earlier allowed the application field …

Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future
3 years, 9 months ago

Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future

Live Law  

The Delhi High Court on Thursday allowed the application field by Amazon to enforce the emergency award against the Future-Reliance deal.The High Court held that the emergency arbitrator is an arbitrator for all the intents and purposes under Section 17 of Arbitration and Conciliation Act and an order passed by such an emergency arbitrator is enforceable under sec. The Delhi …

Amazon Vs Future: Supreme Court Issues Notice, Allows To Continue Proceedings Before NCLT, Bars Sanction Of Scheme
3 years, 10 months ago

Amazon Vs Future: Supreme Court Issues Notice, Allows To Continue Proceedings Before NCLT, Bars Sanction Of Scheme

Live Law  

The Supreme Court on Monday issued notice in the plea by Amazon challenging Delhi High Court's stay on the implementation of its own order passed by the Single Judge bench of Justice Midha, which had directed status quo order on the Future - Reliance retail stake sale deal of nearly Rs. 25,000 crore approved by a Board Resolution of FRL …

Supreme Court to hear Amazon’s plea to stall Future-Reliance deal today
3 years, 10 months ago

Supreme Court to hear Amazon’s plea to stall Future-Reliance deal today

Hindustan Times  

The Supreme Court will on Monday hear a petition by e-commerce giant Amazon, which has appealed against an order of the Delhi high court lifting the restraint against the ₹24,713 crore deal between Kishore Biyani-led Future Retail Limited and Mukesh Dhirubhai Ambani’s Reliance Retail. It added that the single judge’s status quo order was passed for the limited purpose of …

Top India court halt’s tycoon Mukesh Ambani’s retail deal: Report
3 years, 10 months ago

Top India court halt’s tycoon Mukesh Ambani’s retail deal: Report

Al Jazeera  

The verdict is a win for Amazon which says Future Group’s sale to Ambani’s Reliance Industries violates its contract. India’s Supreme Court has barred a final ruling by a tribunal reviewing Future Group’s $3.4bn sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc, the Reuters news agency reported citing three unidentified sources. US retail …

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