Page 39 - Darius Khambata News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Min Read NEW DELHI (Reuters) - India’s Future Retail has approached a tribunal to seek a key approval for its $3.4 billion asset sale to Reliance Industries, its lawyer told a court on Thursday, even as partner Amazon tries to block the transaction. FILE PHOTO: People shop at the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni/File Photo Amazon is locked in bitter legal disputes with Future and alleges the Indian firm violated some of their pre-existing contracts by selling its retail assets to Reliance last year. Future denies any wrongdoing. Indian...

Seeking an interim injunction against the Reliance - Future Retail Ltd stake sale deal worth Rs. 24,000 crore, Amazon today submitted before the Delhi High Court, that FRL had urged authorities like SEBI and CCI to disregard the award, and by giving their approvals to the deal, they had disregarded the law indeed. The court directed both parties to file a 5 page note with relevant portions of judgement and other details by 5.30 pm today and posted the case for further hearing tomorrow. Amazon sought ad-interim injunction against the Single Judge bench order of the Delhi High Court delivered b...

Amazon urges HC to enforce arbitration award staying Future-Reliance deal SECTIONS Share Synopsis Future Retail had approached the NCLT a day after Amazon on Monday moved the Delhi High Court seeking an injunction to restrain Future Group in filing any application with regulators to complete its proposed deal with Reliance Retail. Reuters In August last year, Future had reached an agreement to sell its retail, wholesale, logistics and warehousing units to Reliance. New Delhi: Amazon on Thursday urged the Delhi High Court to enforce an Emergency Arbitrator award under the Singapore Internation...

US-based e-commerce giant Amazon Thursday 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. The plea also sought the detention of the Biyanis, directors of Future Coupons Pvt Ltd 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, after hearing the arguments for several hours, said he will continue with the hearing on Frid...

The Delhi High Court on Wednesday sought response from Future Retail Limited on Amazon's petition to set aside observations in the interim order of a single-bench in a suit filed by the retailer.On December 21, a single-member bench presided by ...