NCLAT issues notices to CCI, Future Coupons on Amazon plea
2 years, 11 months ago

NCLAT issues notices to CCI, Future Coupons on Amazon plea

Deccan Chronicle  

Chennai: The National Company Law Appellate Tribunal has issued notices to the Competition Commission of India and Future Coupons in a plea filed by Amazon, challenging the antitrust watchdog's December 17 order. The appellate tribunal admitted the petition filed by Amazon challenging the CCI order, which "kept in abeyance" the approval given to Amazon's acquisition of a stake in Future Coupons in 2019—a deal that has been at the centre of a legal battle between Amazon and Future Group. The NCLAT issued notices to the CCI and Future Coupons in the plea and asked them to submit replies within 10 days. The NCLAT did not take up Amazon's plea seeking interim relief in the CCI order but agreed to hear its plea once all parties are present.

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Supreme Court Transfers Amazon, Flipkart CCI Probe Cases to Karnataka HC
Trending News
3 days ago

Supreme Court Transfers Amazon, Flipkart CCI Probe Cases to Karnataka HC

Deccan Chronicle  

New Delhi: The Supreme Court on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India order for a probe into the e-commerce giants for alleged malpractices.A bench of Justice Abhay S. Oka and Justice Ujjal Bhuyan said if pleadings in some of the transferred petitions were not completed, the judge seized of …

SC favours sending pleas over CCI probe against Amazon, Flipkart to Karnataka HC
Trending News
3 weeks, 2 days ago

SC favours sending pleas over CCI probe against Amazon, Flipkart to Karnataka HC

Hindustan Times  

NEW DELHI: The Supreme Court on Monday said it was prima facie inclined to send all petitions challenging the Competition Commission of India’s anti-trust probe against e-commerce giants Amazon and Flipkart for alleged malpractices to the Karnataka high court. “Prima facie, we are of the view that all writ petitions be transferred and heard by the Karnataka high court,” a …

Supreme Court backs moving cases against Amazon, Flipkart to Karnataka High Court
3 weeks, 3 days ago

Supreme Court backs moving cases against Amazon, Flipkart to Karnataka High Court

India Today  

The Supreme Court on Monday expressed its inclination to transfer petitions filed by e-commerce giants Amazon and Flipkart, challenging a Competition Commission of India probe order, to the Karnataka High Court for adjudication. “Prima facie, we are of the view that all cases, which are pending in various high courts, should be transferred to Karnataka High Court for hearing,” the …

Supreme Court to hear CCI plea on Amazon, Flipkart case on Friday
3 weeks, 6 days ago

Supreme Court to hear CCI plea on Amazon, Flipkart case on Friday

Live Mint  

The Supreme Court will on Friday hear Competition Commission of India’s plea for combining two dozen writ petitions filed by various current and former online sellers of e-commerce platforms Amazon and Flipkart, after the competition watchdog informed the apex court that multiple cases in different High Courts could lead to conflicting judgements. The apex court has listed CCI’s plea to …

Supreme Court To Hear Plea By CCI Seeking To Transfer Amazon, Flipkart Cases
Trending News
3 weeks, 6 days ago

Supreme Court To Hear Plea By CCI Seeking To Transfer Amazon, Flipkart Cases

Live Law  

The Supreme Court will soon consider the plea filed by the Competition Commission of India seeking the transfer of writ petitions filed challenging the probe against e-commerce giants Amazon and Flipkart. Attorney General for India, R Venkatramani today mentioned before the bench of CJI Sanjiv Khanna for hearing the transfer pleas before December 17 as then the Karnataka High Court …

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court
4 weeks, 2 days ago

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court

India TV News  

Troubles for Amazon and Flipkart continue as they face significant legal challenges. The Competition Commission of India has recently taken action by filing a petition in the Supreme Court, accusing both companies of unfair business practices. If the court rules in favour of Amazon and Flipkart, it could slow down the CCI's ongoing investigations and set a precedent for future …

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
Trending News
4 weeks, 2 days ago

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

Live Mint  

* India's antitrust body seeks Supreme Court hearing on challenges in Amazon, Flipkart probe * Twenty-three legal challenges filed by Samsung, Vivo and vendors over investigation * Antitrust body says challenges aim to scuttle its investigation By Aditya Kalra NEW DELHI, Dec 9 - India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of …

Amazon Moves Supreme Court Challenging CCI's Decision To Revoke Approval For Deal With Future Coupons
2 years, 4 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, 6 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 …

Amazon & Future Retail Agree In Supreme Court To Appear Before Singapore Arbitration Tribunal
2 years, 9 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, 10 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 …

'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 …

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, 11 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 …

Refusing To Grant Interim Relief, NCLAT Admits The Amazon's Appeal Against CCI's Order
2 years, 11 months ago

Refusing To Grant Interim Relief, NCLAT Admits The Amazon's Appeal Against CCI's Order

Live Law  

The NCLAT Bench comprising of Justice M. Venugopal and Mr. V.P. refused to grant interim relief to Amazon against its plea challenging the order of the Competition Commission of India which suspended its deal with Future Coupons Pvt. Advocates with Mr. Pavan Bhushan, Ms. Ujwala Uppaluri, Ms. Hima Lawrence, Mr. Kaustubh Prakash, Mr. Vinay Tripathi, Ms. Bani Brar, Mr. Anand …

HC junks Future’s plea on arbitration with Amazon
3 years 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
3 years 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 To Hear In January Amazon's Plea Challenging Enforcement Directorate's Jurisdiction To Investigate Matters Beyond It's Power Under FEMA
3 years ago

Delhi High Court To Hear In January Amazon's Plea Challenging Enforcement Directorate's Jurisdiction To Investigate Matters Beyond It's Power Under FEMA

Live Law  

The Delhi High Court will hear on January 5 next year, the plea filed by Amazon Wholesale India Private Limited India challenging the jurisdiction Directorate of Enforcement and its officers to investigate it in the matters beyond the scope of power of the ED under the Foreign Exchange Management Act.The plea which was listed for hearing today before a single …

Delhi HC to Hear in January Amazon's Plea Challenging ED's Probe into Foreign Exchange Violation
3 years ago

Delhi HC to Hear in January Amazon's Plea Challenging ED's Probe into Foreign Exchange Violation

News 18  

New Delhi: The Delhi High Court on Thursday said it will hear in January a plea by Amazon challenging the jurisdiction of the Enforcement Directorate to investigate matters which are beyond its scope under the Foreign Exchange Management Act. Petitioners Amazon Wholesale Pvt Ltd and Amazon Seller Services Pvt Ltd challenged the jurisdiction of the Enforcement Directorate and its officers …

Amazon challenges ED probe into 2019 deal with Future Group
3 years ago

Amazon challenges ED probe into 2019 deal with Future Group

India Today  

Amazon.com Inc is set to take the Enforcement Directorate to court over an ongoing investigation related to the US e-commerce giant’s 2019 deal with Future Group. On Wednesday, Amazon approached the Delhi High Court with an appeal to quash the ED investigation related to its $200 million investment in Future Coupons Private Limited. In the court filing, Amazon has called …

CCI Revokes Approval For Amazon's Deal With Future Group; Imposes Rs 200 Crore Penalty On Amazon For Violations
3 years ago

CCI Revokes Approval For Amazon's Deal With Future Group; Imposes Rs 200 Crore Penalty On Amazon For Violations

Live Law  

The Competition Commission of India has kept in abeyance the approval granted for the American e-commerce giant Aamzon's deal with Future Group.In a 57-page order passed on December 17, the CCI said that the approval granted as per order Order dated 28th November, 2019, for the deal of Amazon.com NV Investment Holdings LLC to acquire 49 percent stake in Future …

CCI slaps ₹200 crore fine on Amazon, freezes Future deal
3 years ago

CCI slaps ₹200 crore fine on Amazon, freezes Future deal

The Hindu  

The Competition Commission of India on Friday froze its approval given in November 2019 to Amazon’s investment in a Future Group unit on the grounds that the U.S. e-commerce company had suppressed the scope and full details of its investment while seeking regulatory approval. The CCI decision further roils the legal landscape as Amazon seeks to block the Future Group’s …

Amazon-Future Deal: CCI Suspends 2019 Future Coupon Nod, Imposes Rs 200 Cr Penalty on US Retailer
3 years ago

Amazon-Future Deal: CCI Suspends 2019 Future Coupon Nod, Imposes Rs 200 Cr Penalty on US Retailer

News 18  

The Competition Commission of India on Friday suspended Amazon’s 2019 deal with Future Group, a unit of Future Retail Ltd. CCI had mentioned in its order, “it necessary to examine the combination afresh.” “In exercise of the powers conferred under sub-section of Section 45 of the Act, the Commission hereby directs Amazon to give notice in Form II within a …

Supreme Court Grants 2 More Weeks To CCI To Decide Complaint On Amazon-Future Deal
3 years, 1 month 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 …

Amazon asks CCI to revoke Reliance-Future deal approval
3 years, 1 month 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, 1 month 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 discloses new documents to bolster case against Amazon deal
3 years, 1 month ago

Future discloses new documents to bolster case against Amazon deal

Live Mint  

Independent directors at India's Future Retail have disclosed new documents in a letter to the country's antitrust watchdog aiming to bolster their case against Amazon.com Inc as they seek to revoke a 2019 deal between the two companies. A 160-page stock exchange filing on Sunday showed the directors reviewed records related to the 2019 deal between a group unit, Future …

Legal wrap of the day: Top stories from courts across India | September 9
3 years, 4 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-RIL deal: Amazon flags Supreme Court’s ruling to SEBI
3 years, 4 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 …

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 …

CCI enquiry against Amazon, Flipkart cannot be crushed at initial stage: Karnataka HC
3 years, 5 months ago

CCI enquiry against Amazon, Flipkart cannot be crushed at initial stage: Karnataka HC

The Hindu  

E-commerce majors Amazon and Flipkart have lost their legal battle in the High Court of Karnataka as even a division bench has upheld the Competition Commission of India’s decision to conduct an investigation through its Director General into whether they had entered into anti-competitive agreements in violation of the provisions of the Competition Act 2002. Observing that the enquiry initiated …

'They Should Not Feel Shy In Facing Inquiry': Karnataka High Court Dismisses Amazon & Flipkart Pleas Against CCI Probe
3 years, 5 months ago

'They Should Not Feel Shy In Facing Inquiry': Karnataka High Court Dismisses Amazon & Flipkart Pleas Against CCI Probe

Live Law  

A division bench of the Karnataka High Court on Friday dismissed the appeals filed by e-commerce giants Amazon and Flipkart challenging an order of a Single Bench of the High Court which had allowed Competition Commission of India to conduct a preliminary investigation into their alleged anti-competitive practices..in the concerned opinion of this court by no stretch of imagination the …

Amazon & Flipkart Challenges Against CCI Probe Rejected By Karnataka High Court
3 years, 6 months ago

Amazon & Flipkart Challenges Against CCI Probe Rejected By Karnataka High Court

Live Law  

The Karnataka High Court on Friday dismissed the writ petitions filed by e-commerce giants Amazon and Flipkart challenging an order passed by the Competition Commission of India for a preliminary investigation into their alleged anti-competitive practices.A single bench of Justice PS Dinesh Kumar dismissed the writ petition citing the limitations of the power of judicial review under Article. The Karnataka …

Karnataka HC allows CCI to investigate Amazon, Flipkart
3 years, 6 months ago

Karnataka HC allows CCI to investigate Amazon, Flipkart

The Hindu  

In a setback to e-commerce majors Amazon and Flipkart, the Karnataka High Court on Friday upheld the Competition Commission of India’s decision to conduct an investigation through its Director General into whether they had entered into anti-competitive agreements in violation of the provisions of the Competition Act 2002. The e-commerce companies had questioned the January 13 order of the CCI, …

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 …

Future Retails v Amazon : Delhi High Court Stays Single Bench's Status Quo Order On Reliance Deal
3 years, 11 months ago

Future Retails v Amazon : Delhi High Court Stays Single Bench's Status Quo Order On Reliance Deal

Live Law  

The Delhi High Court on Monday today stayed 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. Passed by the Division Bench of Chief Justice DN Patel and Justice Jyoti Singh, the order notes that Future …

Future Group challenges Delhi High Court order
3 years, 11 months ago

Future Group challenges Delhi High Court order

Hindustan Times  

Kishore Biyani-led Future Retail Limited on Wednesday filed an appeal before a division bench in the Delhi High Court against the ‘status quo’ order on a $3.4 billion deal for the sale of its retail assets to Reliance Industries Ltd. However, opposing the urgent mentioning, senior advocate Rajiv Nayyar for Amazon told the court that procedure should be followed. In …

Amazon-Future tussle: Here's all you need to know
3 years, 11 months ago

Amazon-Future tussle: Here's all you need to know

Hindustan Times  

India's retail giant Kishore Biyani's Future Retail is stuck in a long-standing tussle with the US tech giant Amazon. Amazon has been blocking a deal worth $3.4 billion between Future Group and Reliance Retail alleging that the transaction between the two Indian majors violates the terms of its earlier contract with Future. > Amid the unprecedented challenges of Covid-19, Future …

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart
4 years, 9 months ago

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

India TV News  

The National Company Law Appellate Tribunal on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not even …

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart
4 years, 9 months ago

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart

Firstpost  

New Delhi: The National Company Law Appellate Tribunal on Thursday dismissed a petition filed by traders’ body CAIT against CCI nod to Walmart’s $16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not …

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter
4 years, 10 months ago

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter

Firstpost  

On 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart. Earlier, on 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart. “We set aside …

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