Page 7 - மூத்தவர் வழக்கறிஞர் கடுமையான சால்வ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Delhi HC reserves order on WhatsApp plea challenging CCI order
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Assistance To Law Students A Move To Create Goodwill, Develop Contacts : Harish Salve Seeks Deduction Of Foreign Scholarship; ITAT Allows
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
Future-Reliance Retail Deal: Status Quo Lifted By Delhi High Court
Feb 08 2021, 7:16 PM
February 08 2021, 5:30 PM
February 08 2021, 7:16 PM
A two-judge bench of the Delhi High Court has lifted the status quo on the Rs 27,513-crore deal between the Future Group and billionaire Mukesh Ambani-led Reliance Retail Ventures Ltd.The bench stayed the operation, implementation and execution of the single-judge Feb. 2 order till the next date of hearing. Chief Justice DN Patel and Justice Jyoti Singh, in their order, said:That the appellant (Future Retail Ltd.) is not a party to.
A two-judge bench of the Delhi High Court has lifted the status quo on the Rs 27,513-crore deal between the Future Group and billionaire Mukesh Ambani-led Reliance Retail Ventures Ltd.
The Delhi High Court on Monday stayed its single-judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain the status quo with regard to the Rs 24,713-crore deal with Reliance Retail in a setback for Jeff Bezos-led e-commerce giant Amazon, which has challenged the transaction. A division Bench of Chief Justice D N Patel and Justice Jyoti Singh was hearing the appeal filed by FRL against the court s order passed last week. The court had said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. On Monday, the division Bench noted that FRL was not a party to an arbitration agreement with Amazon and prima facie the “group of companies” doctrine could not be invoked in the present case as the three agreements Future Retail Shareholding Agreement (SHA), Future Coupons Pvt Ltd (FCPL) SHA, and FCPL Share Subscription Agreement were distinct in nature, according to law platform Bar & Bench.
A lawyer for Amazon on Friday told the Delhi High Court that the e-commerce giant is constantly committed to helping Future Retail Limited (FRL) and it doesn’t want the company to go down. The lawyer argued that Amazon was in touch for the purpose of resolving the matter even till the time the Future-Reliance deal was made public. The Delhi High Court is hearing the appeal filed by Future Retail Limited (FRL) against the Court s order passed earlier this week. It had asked FRL to maintain the status quo with respect to its $3.4 billion (about Rs 24,700 crore) deal with Reliance Retail. The court had said it was satisfied that an immediate interim order was required to be passed to protect the rights of e-commerce firm Amazon.
vimarsana © 2020. All Rights Reserved.