Relief for Future Group: Delhi HC puts on hold Singapore arbitration with Amazon
The HC said that after the Competition Commission of India (CCI) order against Amazon, case prima facie in favour of Future.
Source: businesstoday.in
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Delhi HC dismisses Future's petition seeking termination of Amazon arbitration
In October last year, the high court had refused to stay the arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained Future Group from going ahead the deal with Reliance.
Source: businesstoday.in
SC issues notice to Future Retail, others on Amazon's plea to stall deal with Reliance
Future Group CEO Kishore Biyani (File photo) NEW DELHI: The Supreme Court on Monday barred a final ruling by a tribunal reviewing Future Group's $3.4 billion sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc, three sources said. Amazon appealed to the Supreme Court this month against Future Group's sale to market leader Reliance Industries , accusing its partner of violating contracts by agreeing to the sale. The outcome of the tussle involving two of the world's richest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani, could reshape India...
Source: indiatimes.com