The Delhi High Court Monday sought to know whether US-based e-commerce giant Amazon and Kishore Biyani led Future Retail Ltd (FRL) were open to resolving the issue arising out of Rs 24,713 crore deal between FRL and Reliance Retail. The counsel for both, Amazon and Future Group, submitted that they would seek instructions and inform the court on Tuesday. The court was hearing a plea by Amazon seeking direction to order enforcement of the award by Singapore s Emergency Arbitrator (EA) restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail. Amazon.com NV Investment Holdings LLC, in its plea, also sought detention of the Biyanis, directors of Future Coupons Pvt Ltd (FCPL) and FRL and other related parties in civil prison and attaching of their properties for alleged wilful disobedience of the emergency arbitrator s order.
HC asks FRL to respond to Amazon s plea to enforce emergency arbitrator s award
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Last Updated: Jan 29, 2021, 07:57 PM IST
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Amazon.com NV Investment Holdings LLC, in its plea, also sought detention of the Biyanis, directors of Future Coupons Pvt Ltd (FCPL) and FRL and other related parties in civil prison and attaching of their properties for alleged wilful disobedience of the emergency arbitrator s order.
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NEW DELHI: The Delhi High Court Friday sought response of Kishore Biyani led
Future Retail Ltd (FRL) on a plea by US-based e-commerce giant Amazon seeking direction to order enforcement of the award by Singapore s Emergency Arbitrator (EA) restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail.
The Delhi High Court Friday sought response of Kishore Biyani led Future Retail Ltd (FRL) on a plea by US-based e-commerce giant Amazon seeking direction to order enforcement of the award by Singapore s Emergency Arbitrator (EA) restraining FRL from going ahead with its Rs 24,713 crore deal with Reliance Retail.
Amazon.com NV Investment Holdings LLC, in its plea, also sought detention of the Biyanis, directors of Future Coupons Pvt Ltd (FCPL) and FRL and other related parties in civil prison and attaching of their properties for alleged wilful disobedience of the emergency arbitrator s order. Justice J R Midha issued notices to FRL, Future Coupons Pvt Ltd, Biyanis and other related parties and listed the matter for further hearing on February 1.
Read more about Amazon under Enforcement Directorate lens over FDI rule breach on Business Standard. The action follows certain observations made by a Delhi High Court bench last month about Amazon in the Reliance-Future Retail acquisition case
Amazon Asks High Court To Enforce Order Restraining Future-Reliance Deal Amazon Asks High Court To Enforce Order Restraining Future-Reliance Deal The plea also sought the detention of the Biyanis, directors of Future Coupons Pvt Ltd and Future Retail Ltd (FRL) and other related parties in civil prison and attaching of their properties for alleged wilful disobedience of the emergency arbitrator s order.
Amazon has approached the high court seeking to restrain Kishore Biyani-led Future Group.
New Delhi:
US-based e-commerce giant Amazon has urged the Delhi High Court to order enforcement of the award by Singapore s Emergency Arbitrator (EA) restraining the Future Group from going ahead with its Rs 24,713 crore deal with Reliance Retail.