Page 37 - Darius Khambata News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Delhi HC to hear Future’s plea against status quo on Reliance deal © Provided by Hindustan Times The Delhi High Court will on Thursday hear a plea by Future Retail Limited (FRL) challenging the status quo on its $3.4 billion sale of retail assets to Reliance Industries Limited. FRL’s lawyer, Darius Khambata, mentioned the matter urgently before the court on Wednesday and asked it to hear the matter on the same day after the status quo order was passed by a single bench of the high court. Opposing the urgent mentioning, senior advocate Rajiv Nayyar, who appeared for Amazon, said the proc...

Future Retail files appeal in Delhi HC ​ By IANS | Published on ​ Wed, Feb 3 2021 12:57 IST | ​ 0 Views Delhi High Court. (File Photo: IANS). Image Source: IANS News New Delhi, Feb 3 : Future Retail has filed an appeal in the Delhi High Court against the impugned order dated February 2 passed by a single judge, the company said in a filing. Future Retail moved the court against status quo order on the deal with Reliance and the hearing will take place on Thursday. Bar and Bench reported that a division bench of Chief Justice D.N. Patel and Justice Jyoti Singh said that the matter w...

The Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them.

Future-RIL deal | Future Group rejects Delhi High Court proposal for entering into talks with Amazon for amicable resolution Last week, Kishore Biyani said that Amazon’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth." Future Group Chairman Kishore Biyani. The Kishore Biyani-led Future Group on February 2 rejected the Delhi High Court's proposal to enter into talks with e-commerce giant Amazon for amicable resolution with the latter in a Rs 24,713-crore deal with Reliance Industries (RIL), accordin...

HC ask if Amazon, Future open to resolve issue relating to Reliance deal By Mansoor|   Published: 1st February 2021 9:32 pm IST New Delhi: 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 Singa...