Amazon may move Delhi High Court in Future Group dispute
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“Amazon will file a new petition following the high court’s observations last month. Some of the issues in the Future dispute were left open-ended and Amazon wants to get them addressed,” a person aware of the matter said.
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Amazon has also written to market regulator Sebi that the Reliance-Future deal should not be approved in the light of the SIAC order.
(This story originally appeared in on Jan 12, 2021)BENGALURU: Amazon is likely to move a new petition in the Delhi high court in the ongoing battle against Future Group over the sale of the latter s retail business to Reliance.
Updated Jan 12, 2021 | 09:17 IST
Future Group and Amazon are entangled in a bitter legal dispute over the Indian retail company s Rs 24,713 crore deal with Mukeh Ambani-controlled Reliance Industries (RIL). Amazon may file fresh plea in Delhi High Court against Future’s Rs 24,713 crore deal with RIL | Photo Credit: BCCL
New Delhi: E-commerce behemoth Amazon is likely to file a fresh petition as early as this week in the Delhi High Court in the ongoing legal feud against the Kishore Biyani-led Future Group over the sale of the latter’s retail business to Reliance Retail Ventures Ltd (RRVL), subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd (RIL).
India Business News: Amazon has moved the Delhi High Court with a new appeal in the ongoing dispute with Future Group over the sale of the latter's retail business to Reli
Markets likely to be volatile; Tata Group, Future Retail, Bajaj Finance in focus
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On Tuesday the BSE Sensex ended at 48,437.78, up 260.98 points or 0.54%. (Photo: Mint)
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Indian stocks are likely to be volatile on Wednesday, while trends in SGX Nifty suggest a flat opening for the benchmark share indices. On Tuesday the BSE Sensex ended at 48,437.78, up 260.98 points or 0.54%. The Nifty closed at 14,199.50, up 66.60 points or 0.47%.
Asian stocks were mixed in the early trade as investors anxiously awaited results of US runoff elections that would determine the legislative balance of power in the world s largest economy while oil prices rose on news of planned output cuts.