Articles for Its Assets

Xiaomi moving its India operations to Pakistan? Chinese mobile maker responds
2 years, 2 months ago

Xiaomi moving its India operations to Pakistan? Chinese mobile maker responds

Hindustan Times  

Chinese mobile manufacturer Xiaomi has rejected speculations over moving its operations from India to Pakistan after the Enforcement Directorate froze its assets worth ₹5,551.27 crore for allegedly violating Foreign Exchange Management Act guidelines. A tweet by South Asia Index while citing sources had claimed that the Chinese mobile maker may move its operations from India to Pakistan after its assets …

India Xiaomi Fema Pakistan Chinese Chinese Mobile Pakistan Chinese Mobile Its Assets
Valuation Of Companies: A legal Analysis
2 years, 3 months ago

Valuation Of Companies: A legal Analysis

Live Law  

The issue or transfer of equity shares or other securities invariably involves the valuation of the underlying company. c. transferred by a person resident outside India to a person resident in India shall not exceed: the price worked out in accordance with the relevant Securities and Exchange Board of India guidelines in case of a listed Indian company; a) the …

India Writ Petition Market Court Chennai Indian Income Tax
Non Applicability Of Section 9 Of The A&C Act Can't Be Presumed If Parties Opted For Foreign-Seated Institutional Arbitration: Delhi High Court
2 years, 5 months ago

Non Applicability Of Section 9 Of The A&C Act Can't Be Presumed If Parties Opted For Foreign-Seated Institutional Arbitration: Delhi High Court

Live Law  

The High Court of Delhi has held that merely because the parties have chosen a foreign-seated institutional arbitration under the UNCITRAL Law, they cannot be presumed to have entered into an agreement to exclude the applicability of Section 9 of the A&C Act as provided under the proviso to Section 2 of the A&C Act. Objection regarding the maintainability of …

Arbitration Court Parties Agreement Respondent Reliance Petitioner
Application Under Section 9 Of The A&C Act For Pre-Award Relief Can Be Filed In A Court Where The Assets Of The Respondent Are Located: Delhi High Court
2 years, 5 months ago

Application Under Section 9 Of The A&C Act For Pre-Award Relief Can Be Filed In A Court Where The Assets Of The Respondent Are Located: Delhi High Court

Live Law  

The High Court of Delhi has held that an application under Section 9 of the A&C Act for pre-award relief can also be filed before the Court where the assets of the respondent are located. The Bench of Justice Sanjeev Narula held that the Court for the purpose of Section 9 application in a foreign seated arbitration would be as …

Arbitration Court Assets Application Relief Held Respondent
CPC Contemplates Execution Of A Foreign Decree And Not An Order: Delhi High Court
2 years, 5 months ago

CPC Contemplates Execution Of A Foreign Decree And Not An Order: Delhi High Court

Live Law  

The High Court of Delhi has held that remedy before the foreign arbitral tribunal would not be inefficacious when the bulk of the assets of a party are located in India as the interim order in a foreign-seated arbitration is not enforceable under the A&C Act. The Bench of Justice Sanjeev Narula also held that an interim award passed in …

India Arbitration Court Assets Order Tribunal Respondent
Prima Facie Case Alone Does Not Entitle A Party To Relief Under Section 17 Of The A&C Act: Delhi High Court
2 years, 5 months ago

Prima Facie Case Alone Does Not Entitle A Party To Relief Under Section 17 Of The A&C Act: Delhi High Court

Live Law  

The Delhi High Court has ruled that a prima facie case alone does not entitle a party to relief under Section 17 of the Arbitration and Conciliation Act, 1996 for interim measures. Against the order of the Arbitral Tribunal directing the appellant to secure the said amount, the appellant filed an appeal before the Delhi High Court. The Court ruled …

Delhi High Court Delhi High Court Order Case Tribunal Respondent
The Weak Financial Condition Of A Party Cannot Be The Sole Ground To Deposit Security Or Bank Guarantee: Delhi High Court
2 years, 7 months ago

The Weak Financial Condition Of A Party Cannot Be The Sole Ground To Deposit Security Or Bank Guarantee: Delhi High Court

Live Law  

The High Court of Delhi has held that the weak financial condition of a party cannot be the sole ground to direct the party to deposit a security or bank guarantee to secure the amount involved in the arbitration. The Single Bench of Justice Anup Jairam Bhambhani has held merely because a party is in financial distress, it cannot be …

Security Court Assets Party Tribunal Respondent Ground
Lenders to Future Retail call for its assets to be put up for auction
2 years, 10 months ago

Lenders to Future Retail call for its assets to be put up for auction

Live Mint  

Lenders to Future Retail, the company being fought over by Reliance Industries and Amazon.com Inc, have told India's Supreme Court that its assets should be put up for auction after it missed payments. "Let it be subjected to an open bid.This is the only solution," Rakesh Dwivedi, a lawyer acting for 30 or so of Future's lenders, told the Supreme …

Retail Future Amazon Billion Reliance Its Assets
Shell sells off billions in U.S. assets
3 years, 3 months ago

Shell sells off billions in U.S. assets

NL Times  

Oil and gas group Shell is selling all its assets in the largest United States oil field to industry peer ConocoPhilips. Shell had been looking for a buyer for its assets in the oil and gas-rich Permian Basin region, which is largely located in western Texas. Shell extracts the equivalent of approximately 175,000 barrels of oil there every day. In …

Oil United States Shell Its Assets
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 …

India Singapore Delhi Future Court Amazon Order
Look who’s really chasing hot stocks like zoom
4 years, 2 months ago

Look who’s really chasing hot stocks like zoom

Live Mint  

When you point your finger at somebody, make sure to step away from the mirror. Let’s look at Zoom Video Communications Inc., the teleconferencing company whose stock is up more than 660% so far this year. Given the popularity of its service and the stock’s scorching performance, you might expect Zoom is a darling among individual investors and traders. The …

Stocks Market Zoom Hot Stock Investors Value
Shell warns of $22 billion hit from coronavirus price slump
4 years, 5 months ago

Shell warns of $22 billion hit from coronavirus price slump

CNN  

London CNN Business — Royal Dutch Shell is writing down the value of its assets by as much as $22 billion as lower oil prices push the Anglo-Dutch company to accelerate a shift away from fossil fuels. The company said the changes to its price forecast reflect the economic trauma caused by the coronavirus pandemic, which has plunged countries around …

Oil Companies Price Demand Billion Shell Its Assets