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IBC Cases Weekly Round-Up: 27 June To 3 July 2022
2 years, 6 months ago

IBC Cases Weekly Round-Up: 27 June To 3 July 2022

Live Law  

NCLT NCLT Kolkata Initiates Insolvency Process Against The Personal Guarantor Of Gontermann-Pipers Ltd. Case Title: UCO Bank v Vinod Kumar Mittal Case No. : C.P./242021 The National Company Law Tribunal, Kolkata Bench, comprising of Shri Rohit Kapoor and Shri Harish Chander Suri, has initiated Insolvency Resolution Process against Mr. Vinod Kumar Mittal, who is the Personal Guarantor to the loan …

Law India Court Video Conferencing Insolvency National Bank
Monthly Digest Of IBC Cases: June 2022
2 years, 6 months ago

Monthly Digest Of IBC Cases: June 2022

Live Law  

NCLAT Case Title: Puneet Kaur v K V Developers Private Limited Case No. 645 of 2022 The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Naresh Salecha, has stayed the Corporate Insolvency Resolution Process of RHC Holdings Pvt Ltd. initiated by NCLT New Delhi on 13.05.2022. The National Company Law Appellate Tribunal, Principal Bench, …

Law India Corporate Insolvency Resolution Corporate Debtor Operational Creditor
Monthly Digest Of IBC Cases: April 2022
2 years, 8 months ago

Monthly Digest Of IBC Cases: April 2022

Live Law  

Supreme Court Wages/Salaries Of Only Those Workmen/Employees Who Actually Worked During CIRP Are To Be Included In CIRP Costs: Supreme Court Case title: Sunil Kumar Jain v Sundaresh Bhatt, Civil Appeal No. The National Company Law Appellate Tribunal, Principal Bench, comprising of comprising of Justice Ashok Bhushan, Dr. Alok Srivastava and Ms. Shreesha Merla, has upheld the order dated 06.04.2022 …

India Supreme Court High Court Insolvency Resolution Corporate Debtor Title
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 …

Delhi Future Court Amazon Order Hearing High
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 …

Delhi Future Court High Nclt Proceedings Nclt Proceedings
Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay
2 years, 11 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 …

Future Court Amazon Bench Stay Reliance Frl
Disobedience Has To Be "Wilful" To Attract Civil Contempt Action Under Order XXXIX Rule 2A CPC : Supreme Court In Future-Amazon Case
2 years, 11 months ago

Disobedience Has To Be "Wilful" To Attract Civil Contempt Action Under Order XXXIX Rule 2A CPC : Supreme Court In Future-Amazon Case

Live Law  

While setting aside the order of the Delhi High Court which initiated coercive steps against the Future Group companies and its promoters, the Supreme Court of India on Tuesday observed that contempt of a civil nature can be made out under Order XXXIX Rule 2­A of the Code of Civil Procedure only when there has been "wilful disobedience" and not …

Justice Delhi Future Court Natural Justice Order High
Amazon-Future Dispute: Supreme Court Sets Aside Delhi High Court's Direction For Coercive Steps Against Future Group
2 years, 11 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 …

Delhi Supreme Court Future Emergency Delhi High Court Order Tribunal
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 …

Arbitration Future Court Amazon Order Tribunal Proceedings
'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 …

India Singapore Delhi High Court Future Court Delhi High Court
Amazon -Future Dispute : Fair Opportunity Must In A Case Of 'This Magnitude', Says Supreme Court [Full Court Room Exchange]
3 years, 4 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 …

Supreme Court Future Emergency Court Delhi High Court Order Case
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 …

Future Court Order Group Bench Single Frl
Supreme Court Rules In Favour Of Amazon In Case Against Future Retail.
3 years, 5 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". …

Singapore Retail Supreme Court Arbitration Future Emergency Amazon
Emergency Award Is Not An Order Under Section 17 Of Arbitration Act : Future Retail In Supreme Court
3 years, 5 months ago

Emergency Award Is Not An Order Under Section 17 Of Arbitration Act : Future Retail In Supreme Court

Live Law  

Responding to Amazon's arguments, Senior Advocate Harish Salve made submissions on behalf of Future Retail Ltd in the dispute over the Emergency Arbitration Award passed by a Singapore Tribunal halting the FRL's deal with Reliance.Salve rebutted the argument of Amazon that the appeal filed by FRL before the division bench of the Delhi High Court was not maintainable. Responding to …

Supreme Court Arbitration Future Emergency Order High Act
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 …

Supreme Court Future Emergency Court Amazon Supreme Single
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 Appeal Future Emergency Court Amazon Order
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 …

Future Court Single Nullity
Delhi HC stays direction to maintain status quo on Future-Reliance deal
3 years, 11 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 …

Delhi Order Deal Reliance Retail Status Quo Frl
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 …

Justice Court Amazon Order Patel Reliance Status Quo
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 …

Future Amazon Frl
Future Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal
3 years, 11 months ago

Future Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal

India TV News  

Future Retail Ltd on Wednesday said it has filed an appeal in the Delhi High Court against the status quo order on its Rs 24,713-crore deal with Reliance. On Tuesday, a Delhi High Court bench of Justice J R Midha had directed FRL to maintain status quo in relation to its Rs 24,713-crore deal with Reliance Retail that has been …

Delhi Future Court Amazon Delhi High Court Order Status
Delhi High Court Issues Notice To Future Retail, Reliance in Amazon Appeal Against December Order
3 years, 11 months ago

Delhi High Court Issues Notice To Future Retail, Reliance in Amazon Appeal Against December Order

Live Law  

The Delhi High Court today issued notice on Amazon's appeal against Single Judge Bench Justice Mukta Gupta's order on Future Retail's plea on the Reliance-Future Rs. Harish Salve appeared for Future Retail Ltd. Subramanium submitted that even though the single judge bench had ordered that the Emergency Arbitrator was not coram non judice, and the order was valid, by holding …

India Singapore Retail Future Emergency Court Amazon
Delhi HC to continue hearing Future Retail-Amazon case on Reliance deal today
4 years, 1 month ago

Delhi HC to continue hearing Future Retail-Amazon case on Reliance deal today

Live Mint  

New Delhi: The Delhi high court on Thursday will continue hearing arguments by Future Retail Limited and Amazon on the former’s plea seeking to restrain the US e-commerce company from approaching regulatory bodies such as the Competition Commission of India against the retailer’s deal with Reliance's retail arm. On the last date of hearing, senior advocate Harish Salve appearing for …

Amazon Delhi Hc Reliance Frl