Future Retail Moves HC Against Order to Maintain Status Quo on Deal with Reliance
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Kishore Biyani-led Future Retail Ltd (FRL) moved the Delhi High Court on Wednesday against its single judge order directing the company to maintain status quo on its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon. FRL s appeal was mentioned before a Joint Registrar of the high court who allowed it to be listed for hearing on Thursday, a lawyer associated with the case said. Justice J R Midha on Tuesday said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. Respondents (FRL) and other respondents are directed to maintain status quo as on today at 4:49 PM till pronouncement of the reserved order, the judge had said.
Future vs Amazon: Kishore Biyani s firm to challenge Delhi HC order on deal with Reliance
In a big relief to Amazon, single bench court of JR Midha on Tuesday directed Future Group and its official to maintain status quo on deal with Mukesh Ambani s retail giant. Court says prima facie, it s of view the SIAC verdict on Future-RIL deal was enforceable in India
BusinessToday.In | February 4, 2021 | Updated 00:32 IST
Future group may file appeal against Delhi HC order today
Future Group has decided to challenge Delhi High Court order, which yesterday blocked the Rs 24,713 crore Future Group-RIL deal after Amazon raised objections. The appeal against the order is set to be filed later today,
Future Retail appeals against status quo order on Future-RIL deal
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 objected to by US-based e-commerce giant, Amazon
PTI | February 3, 2021 | Updated 14:13 IST
Future Retail Ltd (FRL) 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 objected to by US-based e-commerce giant, Amazon.
Delhi HC asks Future Group to keep status quo on Reliance deal DECCAN CHRONICLE WITH AGENCY INPUTS | SANGEETHA G
Published Feb 3, 2021, 9:07 am IST
Updated Feb 3, 2021, 10:38 am IST
Justice J. R. Midha said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon
The respondents, including FRL, were also directed to file an affidavit to record the actions taken by them after 25th October, 2020 when the Emergency Arbitrator had given the order and the present status of all those actions, within 10 days. (Representational image: AFP)
Chennai: In a major relief for Amazon, the Delhi High Court on Tuesday asked Future Retail Ltd (FRL) to maintain status quo with respect to its Rs 24,713- crore deal with Reliance Retail till the pronouncement of its reserved order. Justice J. R. Midha said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon.
Singapore introduces default procedure for multi-party arbitration appointments
Out-Law News | 03 Feb 2021 | 11:29 am | 1 min. read
The Singapore government has amended its International Arbitration Act (SIAA) to introduce a default procedure for appointment of arbitrators in multi-party arbitrations.
The amendments also give Singapore-seated arbitral tribunals and the Singapore High Court the power to enforce confidentiality obligations.
Under the new default procedure, for arbitrations involving three arbitrators with multiple parties involved, all claimants will jointly appoint one arbitrator and all respondents will jointly appoint another arbitrator. These two arbitrators will then jointly appoint the third, presiding arbitrator.
If any of the appointments cannot be agreed within a specified timeframe, the appointing authority – which, by default, is the president of the Court of Arbitration of the Singapore International Arbitration Centre (SIAC), will make t