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Future-Reliance Retail Deal: Status Quo Lifted By Delhi High Court

Future-Reliance Retail Deal: Status Quo Lifted By Delhi High Court
Feb 08 2021, 7:16 PM
February 08 2021, 5:30 PM
February 08 2021, 7:16 PM
A two-judge bench of the Delhi High Court has lifted the status quo on the Rs 27,513-crore deal between the Future Group and billionaire Mukesh Ambani-led Reliance Retail Ventures Ltd.The bench stayed the operation, implementation and execution of the single-judge Feb. 2 order till the next date of hearing. Chief Justice DN Patel and Justice Jyoti Singh, in their order, said:That the appellant (Future Retail Ltd.) is not a party to.
A two-judge bench of the Delhi High Court has lifted the status quo on the Rs 27,513-crore deal between the Future Group and billionaire Mukesh Ambani-led Reliance Retail Ventures Ltd. ....

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India's Enforcement Directorate begins probe against Amazon for alleged violation of FEMA rules in the Future Retail deal

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India s Enforcement Directorate begins probe against Amazon for alleged violation of FEMA rules in the Future Retail deal
India s Enforcement Directorate begins probe against Amazon for alleged violation of FEMA rules in the Future Retail deal
PTIJan 29, 2021, 08:22 IST
BCCL
ED) has initiated a probe against e-commerce giant
Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday.
The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the Commerce Ministry seeking necessary action against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon. ....

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