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Amazon vs Future: SC stays all HC proceedings; to hear matter itself

Amazon vs Future: SC stays all HC proceedings; to hear matter itself
A Supreme Court bench of justices Rohinton Fali Nariman, Hrishikesh Roy and BR Gavai granted the stay on a plea filed by Amazon, which challenged the March-22 order passed by a division bench of the Delhi High Court
BusinessToday.In | April 19, 2021 | Updated 14:58 IST
The division bench had stayed the Delhi HC single judge order, which directed to attach promoter Kishore Biyani and Future group's assets
The Supreme Court (SC) on Monday put a stop on all proceedings related to the Amazon-Flipkart case in the Delhi High Court. It has decided to hear the entire case itself and will begin the final hearing in the case on May 4. A Supreme Court bench of justices Rohinton Fali Nariman, Hrishikesh Roy and BR Gavai granted the stay on a plea filed by Amazon, which challenged the March-22 order passed by a division bench of the Delhi High Court.

Delhi , India , Singapore , Mukesh-ambani , Kishore-biyani , Hrishikesh-roy , Rohinton-fali-nariman , Supreme-court , A-supreme-court , Delhi-high-court , Division-bench , High-court

'Will defend': Future after Amazon moves SC against Delhi HC stay order

'Will defend': Future after Amazon moves SC against Delhi HC stay order
Future says it has received a communication dated April 13, 2021, that Amazon has filed a Special Leave Petition before the SC against the Delhi HC division bench
BusinessToday.In | April 14, 2021 | Updated 16:06 IST
Amazon CEO Jeff Bezos and Future group promoter Kishore Biyani
The fight between Amazon and Future Retail will now take place in India's Supreme Court. Future Retail has said it will "defend the matter/proceedings through legal counsels" after Amazon approached the Supreme Court against a Delhi High Court order that stayed a single judge's order restraining Kishore Biyani-led retail chain from going ahead with its Rs 24,713 crore deal with Mukesh Ambani-led Reliance Retail.

Delhi , India , Mukesh-ambani , Kishore-biyani , Division-bench-of-the-high-court , Supreme-court , Nv-investment-holdings , India-supreme-court , Delhi-high-court , High-court , Future-retail , Kishore-biyani-led

Amazon Vs Future: Jeff Bezos-led company moves SC against HC order

Amazon Vs Future: Jeff Bezos-led company moves SC against HC order
Amazon in its latest plea said the HC order was "random", "illegal" and "inequitable and unfair". A division bench of Delhi HC on March 22 granted a reprieve to Future from a single-judge bench order passed on March 18, which restrained it from taking any steps about sale of assets to Reliance Retail
BusinessToday.In | April 9, 2021 | Updated 12:54 IST
The matter has now been listed for further hearing on April 30
In the ongoing battle between Amazon and RIL-backed Future Retail, Jeff Bezos-led e-comm giant has moved the Supreme Court, refusing to accept defeat in one of the biggest legal battles in India's corporate world. The Delhi High Court bench on March 22 had removed the stay over Future proceeding with a Rs 24,713 crore deal with Mukesh Ambani's retail company.

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Amazon Vs Future: Jeff Bezos-led company moves SC against HC order

Amazon Vs Future: Jeff Bezos-led company moves SC against HC order
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Delhi , India , Singapore , Mukesh-ambani , Justice-jr-midha , Supreme-court , Delhi-high-court-on , Delhi-high-court , Reliance-industries , Future-retail , Jeff-bezos-led , Kishore-biyani-helmed

RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months

RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months
The Delhi High Court on March 21 stayed the single judge bench order restraining Future Retail and Reliance Retail from carrying forth the Rs 24,713 crore deal
BusinessToday.In | April 2, 2021 | Updated 14:28 IST
The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles
Mukesh Ambani-led Reliance Retail Ventures has extended the timeline to complete its Rs 24,713 crore deal with Kishore Biyani-led Future group for six months. Future Retail, in a regulatory statement, confirmed Reliance Retail has extended the timeline for the "Long Stop Date" from March 31, 2021 to September 30, 2021. The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles in sealing the deal.

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Future Retail shares fall 2% despite Delhi Court relief

Future Retail shares fall 2% despite Delhi Court relief
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

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