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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 …

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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 …

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SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8
2 years, 10 months ago

SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8

ABP News  

New Delhi: In a recent development in the Amazon-Future Group case, the Supreme Court has agreed to hear an appeal by US e-commerce giant Amazon against the stay on arbitration order between the Future group and Amazon on February 8. On Tuesday, the SC had put aside the orders of the Delhi HC bench which also refused the arbitration that …

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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 HC ask if Amazon, Future open to resolve issue relating to Reliance deal
3 years, 10 months ago

Delhi HC ask if Amazon, Future open to resolve issue relating to Reliance deal

Hindustan Times  

The Delhi High Court Monday sought to know whether US-based e-commerce giant Amazon and Kishore Biyani led Future Retail Ltd were open to resolving the issue arising out of ₹24,713 crore deal between FRL and Reliance Retail. The court was hearing a plea by Amazon seeking direction to order enforcement of the award by Singapore's Emergency Arbitrator restraining FRL from …

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Arbitration Court Reckoner : November & December 2020
3 years, 11 months ago

Arbitration Court Reckoner : November & December 2020

Live Law  

Section 2 & Section 2 Concept of emergency arbitration is not outside the scope or contrary to Part-1 of the Act In Future Retail Ltd. v Amazon.com Investment Holdings LLC & Ors., High Court of Delhi was dealing with a case where the international commercial arbitration was seated in India but was to be conducted in accordance with SIAC Rules …

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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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RIL-Future Retail deal gets CCI okay
4 years, 1 month ago

RIL-Future Retail deal gets CCI okay

Live Mint  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. “Commission approves acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle,” CCI said …

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CCI approves RIL, Future Retail deal
4 years, 1 month ago

CCI approves RIL, Future Retail deal

Hindustan Times  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. The debt-ridden Future Group had agreed to sell various assets of Future Retail to Reliance for ₹24,713 crore in August. “Commission approves acquisition of retail, …

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Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC
4 years, 1 month ago

Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC

News 18  

Kishore Biyani-led Future Retail Ltd Thursday told the Delhi High Court that Amazon was not its shareholder and has no say in its affairs and the interim order passed by the Singapore International Arbitration Centre was of no value. The court had on November 10 sought response of Amazon on FRL's plea alleging that the e-commerce major was interfering in …

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