Amazon-Future Dispute: Supreme Court Sets Aside Delhi High Court's Direction For Coercive Steps Against Future Group
2 years, 10 months ago

Amazon-Future Dispute: Supreme Court Sets Aside Delhi High Court's Direction For Coercive Steps Against Future Group

Live Law  

In a major relief to Future group companies, the Supreme Court on Monday set aside the orders of the Delhi High Court which initiated coercive steps against the companies and its promoters Biyanis for alleged violation of the Emergency Award passed by the Singapore Tribunal on the application filed by e-commerce giant Amazon.The Supreme Court has set aside the orders dated 02.02.2021. The Supreme Court has set aside the orders dated 02.02.2021 and 18.03.2021 passed by a single judge of the Delhi High Court ordering coercive steps against Future group and the order dated 29.10.2021 which refused to stay the Singapore Arbitration Tribunal's refusal to vacate the Emergency Award which restrained Future's deal with Reliance. A Bench comprising Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli delivered its judgement in the following two pleas: Special Leave Petitions of Future Coupons Private Ltd and Future Retail Ltd against Delhi High Court's Single Bench March 2021 order directing attachment of assets of Future group companies and its promoters for breach of Emergency Award. the Bench said Matter Needs To Be Remitted Back To Decide Important Questions of Law: With regard to the Delhi High Court's order dated 29.10.2021 which refused to stay the Singapore Arbitration Tribunal's refusal to vacate the Emergency Award which restrained Future's deal with Reliance, the Bench has observed that certain important questions of law concerning the effect of the award of an Emergency Arbitrator and the jurisdiction of an Arbitral Tribunal qua such awards arise in the present matter.

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History of this topic

BJP Moves Supreme Court Against Calcutta HC Order On Poll Advertisements MCC TMC West Bengal Lok Sabha Elections 2024 May 27 Hearing
6 months, 3 weeks ago

BJP Moves Supreme Court Against Calcutta HC Order On Poll Advertisements MCC TMC West Bengal Lok Sabha Elections 2024 May 27 Hearing

ABP News  

New Delhi, May 24 The BJP moved the Supreme Court on Friday, challenging a Calcutta High Court order that has refused to interfere with a single-judge ruling restraining the party from issuing The matter was mentioned for urgent listing before a vacation bench of Justice Bela M Trivedi and Justice Pankaj Mithal. On May 22, a division bench of the …

Delhi Government Approaches Supreme Court Again Against Centre; Says Transfer Of Secretary Not Approved Despite SC Verdict In Its Favour
1 year, 7 months ago

Delhi Government Approaches Supreme Court Again Against Centre; Says Transfer Of Secretary Not Approved Despite SC Verdict In Its Favour

Live Law  

The Delhi Government has again approached the Supreme Court complaining that the Union Government is not approving its decision to transfer a Secretary, despite a Constitution Bench upholding the powers of the Delhi Government to control services a day ago.Senior Advocate Dr.Abhishek Manu Singhvi assisted by Advocate Shadan. The Delhi Government has again approached the Supreme Court complaining that the …

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 …

Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application
2 years, 5 months ago

Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while adjudicating an intervention application filed by Amazon in Bank of India v Future Retail Ltd., has vide an order dated 27.06.2022 reserved the matter for orders on the intervention application. Brief introduction Future Retail Ltd. is the flagship company of the Kishore …

Delhi High Court Allows Constitution Of Confidentiality Club Comprising The Counsels-On-Record For Both Parties And One Authorised Representative Of The Respondent
2 years, 7 months ago

Delhi High Court Allows Constitution Of Confidentiality Club Comprising The Counsels-On-Record For Both Parties And One Authorised Representative Of The Respondent

Live Law  

The Delhi High Court recently in a matter allowed the constitution of a confidentiality club and directed whatever information is revealed in it, will be used by the respondent only for the purpose of progressing this case. The order was passed by a division bench of Justice Rajiv Shakdher and Justice Poonam A. Bamba: "In the meanwhile, counsel for the …

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 …

‘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 …

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 …

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 …

Supreme Court Refuses To Pass Interim Order Against Banks In Future Retail's Plea To Defer Loan Default Actions
2 years, 10 months ago

Supreme Court Refuses To Pass Interim Order Against Banks In Future Retail's Plea To Defer Loan Default Actions

Live Law  

The Supreme Court of India on Thursday refused to pass any interim order to restrain coercive steps by the consortium of banks against Future Retail Ltd over loan defaults.A bench comprising Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli adjourned the writ petition filed by FRL without passing any interim order against the banks.The writ …

Supreme Court Seeks Banks' Response To Future Retail's Plea To Defer Coercive Steps Over Loan Default
2 years, 10 months ago

Supreme Court Seeks Banks' Response To Future Retail's Plea To Defer Coercive Steps Over Loan Default

Live Law  

The Supreme Court of India on Tuesday directed the consortium of 27 banks to file an affidavit in response to the writ petition filed by Future Retail Ltd seeking the deferral of coercive actions over loan defaults.A Bench comprising the Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli also asked FRL to serve copy to …

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 …

Delhi High Court Monthly Digest: January 2022
2 years, 10 months ago

Delhi High Court Monthly Digest: January 2022

Live Law  

This digest contains a total of 66 important judgments and orders of the Delhi High Court for the month of January reported by Live Law. Faceless Assessment Scheme Does Not Mean No Personal Hearing, Mandatory Requirement U/S 144B Of Income Tax Act: Delhi High Court Case Title: Bharat Aluminium Company Ltd. v. Union of India & Ors., WP 14528/2021 Citation: …

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 …

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 …

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 …

ED summons top management of Amazon and FCPL over their 2019 deal
3 years ago

ED summons top management of Amazon and FCPL over their 2019 deal

Op India  

The Enforcement Directorate has summoned the top management of Amazon Inc. and Future Coupons Pvt Ltd. for questioning and verification of documents in connection with their August 2019 deal. Amazon founded by Jeff Bezos has been opposing the proposed Rs 24,700 sale of assets of Future Retail to Mukesh Ambani led Reliance Industries Ltd, alleging breach of control. Amazon contested …

'What Is The Point Of Filing So Many Volumes? To Drag Hearing Or To Harass Judges?': CJI In Amazon- Future Case
3 years, 1 month ago

'What Is The Point Of Filing So Many Volumes? To Drag Hearing Or To Harass Judges?': CJI In Amazon- Future Case

Live Law  

The Chief Justice of India on Tuesday expressed displeasure towards enormous volumes of documents filed by parties in the cases relating to the Amazon- Future dispute. The Bench thereafter suggested that it can grant some time to the counsels so they can file a convenience compilation The CJI led Bench was hearing the following petitions: Two Special leave petitions filed …

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 …

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 …

Legal wrap of the day: Top stories from courts across India | September 9
3 years, 3 months ago

Legal wrap of the day: Top stories from courts across India | September 9

India Today  

In the legal wrap of the day, India Today looks at top stories from the Supreme Court, High Courts and trial courts from across the country. HIGH COURTS ALLAHABAD HC STAYS ASI SURVEY INTO THE GYANVAPI MOSQUE-KASHI VISHWANATH TEMPLE DISPUTE The Allahabad High Court on Thursday ordered a stay on the Varanasi Civil Court decision to conduct an ASI survey …

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 …

Amazon-FRL Dispute : Future Coupons Move Supreme Court Against Delhi HC Single Bench Order Attaching Assets
3 years, 4 months ago

Amazon-FRL Dispute : Future Coupons Move Supreme Court Against Delhi HC Single Bench Order Attaching Assets

Live Law  

After a setback, Future Group firm Future Coupons Private Ltd moved the Supreme Court on August 12, seeking a stay against the order passed by the single bench of the Delhi High Court that directed attachment of assets of Future Coupons, Future Retail, Future Group Promote Kishore Biyani's assets and issued a show-cause notice for Civil Arrest of Biyani and …

In Case Against Amazon, Future Group Goes Back To SC To Seek Stay On Delhi HC Order
3 years, 4 months ago

In Case Against Amazon, Future Group Goes Back To SC To Seek Stay On Delhi HC Order

ABP News  

New Delhi: Following a setback in a case against e-commerce giant Amazon, Future Group firm Future Coupons filed a special leave petition with the Supreme Court on August 12 to overturn a Delhi High Court order directing attachment of Future Coupons, Future Retail, Future group promoter Kishore Biyani's assets. The Supreme Court had earlier ruled in Amazon's favour and reinstated …

Biyanis Induced Amazon Into Deal With Future Retail; They Are Bound By Arbitration : Amazon In Supreme Court
3 years, 5 months ago

Biyanis Induced Amazon Into Deal With Future Retail; They Are Bound By Arbitration : Amazon In Supreme Court

Live Law  

Amazon through its Counsel Senior Advocate Aspi Chinoy on Thursday submitted before the Supreme Court that even though Amazon- Reliance- FRL dispute seems to play out as one of Corporate entities, the promoters of FRL Kishore and Rakesh Biyani are the focus of the matter, being both the driving force of transaction initially and its breach subsequently. A Bench headed …

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 …

Delhi Govt's New Excise Policy 2021-22: High Court To Hear Plea Challenging Tender Conditions Tomorrow
3 years, 5 months ago

Delhi Govt's New Excise Policy 2021-22: High Court To Hear Plea Challenging Tender Conditions Tomorrow

Live Law  

The Delhi High Court on Monday directed that the petition challenging tender conditions of Delhi Government's New Excise Policy 2021-22 be presented before a bench headed by the Chief Justice, which is already dealing with other pleas challenging the said policy. A division bench comprising of Justice Vipin Sanghi and Justice Jasmeet Singh observed that since the CJ led bench …

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 …

Delhi High Court To Continue Hearing Extremely Urgent Matters Through Virtual Mode Till June 4, Notifies New Roster With Effect From May 17
3 years, 7 months ago

Delhi High Court To Continue Hearing Extremely Urgent Matters Through Virtual Mode Till June 4, Notifies New Roster With Effect From May 17

Live Law  

In view of the alarming rise in the covid 19 cases in the national capital, the Delhi High Court has modified its earlier order thereby resolving that the existing system of hearings including the Courts of Registrars and Joint Registrars, shall continue up to June 6. It was resolved vide order dated April 23 that the High Court and all …

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 …

Advantage Future Group as HC lifts stay on Reliance deal
3 years, 10 months ago

Advantage Future Group as HC lifts stay on Reliance deal

Hindustan Times  

The Delhi high court on Monday allowed Kishore Biyani’s Future Retail Ltd to pursue its planned $3.4 billion sale of retail assets to Reliance Industries Ltd, ruling that US online retailer Amazon.com Inc. had prima facie no reason to stall the deal. A bench of Chief Justice DN Patel and Justice Jyoti Singh stayed a February 2 order by a …

Delhi HC stays direction to maintain status quo on Future-Reliance deal
3 years, 10 months ago

Delhi HC stays direction to maintain status quo on Future-Reliance deal

India TV News  

The Delhi High Court on Monday stayed its single judge direction to Future Retail Ltd and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. A bench of Chief Justice D N Patel and Justice Jyoti Singh passed in the interim direction on FRL's appeal challenging the February 2 order of …

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