'Request NCLAT To Decide Appeal Against CCI Order' : Supreme Court Tells Amazon, Future; Plea Against HC Stay On Singapore Arbitration Deferred To March 9
2 years, 10 months ago

'Request NCLAT To Decide Appeal Against CCI Order' : Supreme Court Tells Amazon, Future; Plea Against HC Stay On Singapore Arbitration Deferred To March 9

Live Law  

The Supreme Court on Friday adjourned to next week Amazon's challenge to Delhi High Court's stay on the Singapore arbitration proceedings against Future Group, to await the outcome of the appeal filed by Amazon in the National Company Law Tribunal against the Competition Commission of India revoking its sanction for the deal with Future Retail. The bench comprising CJI NV Ramana, Justice AS Bopanna and Hima Kohli was hearing a special leave petition filed by Amazon against Delhi High Court's order staying further arbitration proceedings before the Singapore Tribunal against Future Group. He pointed out that Future Retail Ltd had approached the High Court seeking a direction that the Singapore Tribunal must hear its plea to terminate the proceedings first before final hearing on merits. Background: The impunged order of the division bench also stayed the Single Judge order which had dismissed Future Group's plea challenging the two orders passed by the Singapore Arbitration Tribunal which deferred the hearing in Future's plea seeking termination of the arbitration proceedings instituted by Amazon.

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History of this topic

Delhi High Court Rejects Future Group's Plea Seeking Termination of Arbitration Proceedings With Amazon Before SIAC
2 years, 1 month ago

Delhi High Court Rejects Future Group's Plea Seeking Termination of Arbitration Proceedings With Amazon Before SIAC

Live Law  

UThe Delhi High Court on Tuesday dismissed the pleas moved by Future Group challenging an order passed by Singapore International Arbitration Centre rejecting its plea seeking termination of the arbitration proceedings with e-commerce giant Amazon. Future had moved the High Court last month arguing that there was a "stark abdication of jurisdiction" by the Arbitral Tribunal, which relegated all issues …

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 …

NCLAT Endorses CCI's Penalty Order Against Amazon: A Setback For Amazon And A Leap In Jurisprudence
2 years, 5 months ago

NCLAT Endorses CCI's Penalty Order Against Amazon: A Setback For Amazon And A Leap In Jurisprudence

Live Law  

The National Company Law Appellate Tribunal vide its order dated June 13, 2022, has upheld the order of the Competition Commission of India against Amazon, where the CCI penalized the latter for giving false and misleading information in the notice and suppressing material facts relating to the actual scope and purpose of the acquisition of Future group companies. Subsequently, the …

NCLAT rejects Amazon's appeal against CCI order suspending Future deal
2 years, 6 months ago

NCLAT rejects Amazon's appeal against CCI order suspending Future deal

The Hindu  

In a major setback to Amazon, the National Company Law Appellate Tribunal on June 13 rejected the U.S. e-commerce giant's appeal against an antitrust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval. It supported the CCI findings that Amazon didn't make full disclosures regarding the deal …

NCLAT Upholds Imposition Of Rs. 200 Crores Penalty On Amazon By CCI As "Fair And Sensible"
2 years, 6 months ago

NCLAT Upholds Imposition Of Rs. 200 Crores Penalty On Amazon By CCI As "Fair And Sensible"

Live Law  

The National Company Law Appellate Tribunal, New Delhi Bench, comprising of Justice M. Venugopal and Shri Ashok Kumar Mishra, while adjudicating an appeal in Amazon.com NV Investment Holdings LLC v Competition Commission of India & Ors., has upheld the order dated 17.12.2021 passed by the Competition Commission of India whereby Amazon was directed to pay Rs. Prior to, and immediately …

‘Hope I Don’t Get To Hear This Case Again’: CJI on Amazon, Future Retail Dispute
2 years, 8 months ago

‘Hope I Don’t Get To Hear This Case Again’: CJI on Amazon, Future Retail Dispute

The Quint  

FRL has sought termination of arbitration proceedings citing a Competition Commission of India order. In December last year, the CCI had imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the deal with Future Coupons, a promoter firm of the group's public listed company Future Retail Ltd, seeking more information. "Thus, we don't have to …

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 …

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 …

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 …

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 …

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 …

Supreme Court Grants 2 More Weeks To CCI To Decide Complaint On Amazon-Future Deal
3 years ago

Supreme Court Grants 2 More Weeks To CCI To Decide Complaint On Amazon-Future Deal

Live Law  

The Supreme Court on Monday extended by two weeks the time granted to the Competition Commission of India by the Delhi High Court to take a decision with respect to Show Cause notice issued by it to Amazon over the deal with Future group. The Bench has issued the direction in Amazon's special leave petition against Delhi High Court's order …

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 …

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 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 …

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