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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 …

Future Amazon Competition Order Tribunal Notice Deal
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 …

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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 …

Penalty Amazon Competition Order Tribunal Notice Commission
Amazon's petition against Future rejected; directs to deposit over Rs 200 cr penalty in 45 days
2 years, 6 months ago

Amazon's petition against Future rejected; directs to deposit over Rs 200 cr penalty in 45 days

Firstpost  

In December last year, the Competition Commission of India suspended the approval given by it in 2019, for Amazon’s deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd New Delhi: The National Company Law Appellate Tribunal on Monday rejected Amazon’s plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce …

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Reliance Takes Charge of Future
2 years, 9 months ago

Reliance Takes Charge of Future

News 18  

Reliance Industries has stepped in to rescue Future Retail Limited, taking over the operations of its stores and offering jobs to its employees, even as the Kishore Biyani-led group is locked in a bitter legal wrangle with e-commerce major Amazon at several judicial forums over the sale of its business to the retail arm of the oil-to-telecom conglomerate. In August …

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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 …

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'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 …

India Retail Justice Supreme Court Future Delhi High Court 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 …

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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
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 …

Supreme Court Arbitration 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 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 …

Future Emergency Court Civil Procedure Order High Group
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 …

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, 10 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 Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal
3 years, 10 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 …

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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 …

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CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
4 years ago

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End

News 18  

Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim …

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Future Retails Vs Amazon: 'Amazon Still Living In Days Of East India Co': Sr. Adv. Harish Salve Argues Before Delhi High Court
4 years, 1 month ago

Future Retails Vs Amazon: 'Amazon Still Living In Days Of East India Co': Sr. Adv. Harish Salve Argues Before Delhi High Court

Live Law  

1400 crores in a Rs. 25000-crore company, one cannot think that without their permission the company should not be allowed to come out of the woods in today's day and age – if one thinks this way, they are probably still living in the days of East India Company', asserted Senior Advocate Harish Salve before the Delhi High Court while …

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Future Group Hints it May Challenge Arbitration Award Putting RIL Deal on Hold
4 years, 1 month ago

Future Group Hints it May Challenge Arbitration Award Putting RIL Deal on Hold

News 18  

Kishore Biyani-led Future Retail on Monday hinted that it may challenge the arbitration award from the Singapore-based arbitration center before Indian legal forums, to ensure that its Rs 24,713 crore deal proceeds unhindered and without any delay. Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 …

Singapore Retail Arbitration Future Amazon Indian Reliance Industries