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[Amazon v Future Group] Delhi High Court will shortly continue hearing a batch of petitions dealing with the ongoing dispute between Amazon and Future Group.
Justice C Hari Shankar will hear the case. Follow this thread for live updatesšš½
#DelhiHighCourt #Amazon #FutureGroup
Justice C Hari Shankar will hear the case. Follow this thread for live updatesšš½
#DelhiHighCourt #Amazon #FutureGroup
Read more about the plea being heard here.
#DelhiHighCourt #Amazon #FutureGroup
barandbench.com/news/amazon-fuā¦
#DelhiHighCourt #Amazon #FutureGroup
barandbench.com/news/amazon-fuā¦
Senior Advocate Gopal Subramanium is expected to continue his submissions on behalf of Amazon today.
#DelhiHighCourt #Amazon #FutureGroup
#DelhiHighCourt #Amazon #FutureGroup
The #DelhiHighCourt will continue hearing arguments in a batch of petitions related to ongoing dispute between #Amazon and #FutureGroup
In the last hearing, Sr Advocate Harish Salve, appearing for Future Retail, had argued that once a court expresses a view, the arbitration tribunal must defer to that observation.
Read the full story here:
barandbench.com/news/litigatioā¦
Read the full story here:
barandbench.com/news/litigatioā¦
Justice C Hari Shankar will hear the arguments at around 2:30pm.
#DelhiHighCourt @amazon #FutureGroup
#DelhiHighCourt @amazon #FutureGroup
A Mega Thread fir Threads we have written so far
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A š§µ on Changing dynamics Indian #QSR Industry!!
Let's understand the Industry where Domino's, McDonald's & BurgerKing operates!!
Let's understand the Industry where Domino's, McDonald's & BurgerKing operates!!
#SupremeCourtofIndia will today hear plea by Future Group seeking direction of the court to restrain a consortium of banks from declaring it a Non Performing Assets. On the last date of hearing the court had asked the Banks to file a short affidavit
CJI: The banks have to say something. We have not filed any affidavit.
Dwivedi: We filed it last night.
CJI: Its not there
Dwivedi: We filed it last night.
CJI: Its not there
Salve: They have also said that the interim orders should not stand in their way. They say they have begun classifying as FRL as NPA. They need 8 or 9000 crores. Let me try talking to the banks, if the court can give me time
#SupremeCourt to shortly hear plea by #futuregroup against classifying the company as #NPA . The writ has been filed against @RBI
Salve: The petition is filed in the following circumstances of desperation. @RBI has come up with a scheme in 2020 for those who were hit by #Covid_19 . We entered into an agreement , it required certain payments. Assets had to be sold. We could not do so
Salve: Banks met on 15th December 2022
#DelhiHighCourt is hearing @amazon plea seeking stay on Enforcement Directorate's invesigation into its 2019 deal with #FutureGroup
barandbench.com/news/litigatioā¦
barandbench.com/news/litigatioā¦
Justice Rekha Palli is presiding.
Sr Advocate Sidharth Luthra appearing for Amazon.
#AmazonvED #DelhiHighCourt
Sr Advocate Sidharth Luthra appearing for Amazon.
#AmazonvED #DelhiHighCourt
Luthra is taking the Court through Foreign Exchange Management Act (FEMA).
#AmazonvED #DelhiHighCourt
#AmazonvED #DelhiHighCourt
Delhi HC agrees to urgently hear Future Retail's plea against a single bench order refusing to stay continuation of arbitration with @amazon. Future had moved Court against a Delhi seated Tribunal's refusal to hear its Termination Application before Amazon's claim for damages.
After an urgent hearing earlier the Delhi High Court had refused to interfere in the matter stating that writ jurisdiction under A.227 could not be invoked to intervene in mere case management orders of a Tribunal.
It is to be noted that the Delhi based Tribunal had not rejected Future's Termination plea but merely posted it for hearing AFTER @amazon's claim for damages in the main arbitration proceedings.
#DelhiHighCourt is set to pronounce orders in Future Group's plea seeking quashing of @amazon arbitration before Singapore tribunal.
barandbench.com/news/litigatioā¦
#FutureVAmazon
barandbench.com/news/litigatioā¦
#FutureVAmazon
Order: Both the petitions are dismissed. Orders to be uploaded shortly.
#SupremeCourt to hear an appeal by Amazon challenging the March 22 order passed by a Division Bench of the Delhi High Court staying the Single Judge order which had directed the attachment of Future Group companies and Kishore Biyani's properties
@amazon @FutureGroup
@amazon @FutureGroup
Senior Advocate Harish Salve: the tribunal is starting hearing from Monday. The application challenging jurisdiction and to vacate emergency arbitrator hearing starts in 2 days
SC: Here the question is if the appeal is maintainable
#amazon #future #supremecourt
SC: Here the question is if the appeal is maintainable
#amazon #future #supremecourt
#KishoreBiyani vs #Amazon ā Delhi High Court brings up ācivil prisonā for violation by Future Group, asks for recall of approvals granted to Future Retail- #Reliance deal
businessinsider.in/business/corpoā¦
By @SanchDash
businessinsider.in/business/corpoā¦
By @SanchDash
@SanchDash Delhi High Court pronounced its order in the Future Retail-Amazon case today. In a big win today for #Amazon, the court upheld the emergency arbitratorās award in favour of the Jeff Bezos-led company.
#KishoreBiyani #FutureGroup #Reliance
#KishoreBiyani #FutureGroup #Reliance
@SanchDash The judgement given by Justice JR Midha said that #FutureRetail, Future Coupons, #KishoreBiyani and others violated the Emergency Award, and also questioned āwhy should they not be detained in prisonā, reported legal news platform Bar & Bench.
#Amazon #Reliance
#Amazon #Reliance
Delhi High Court to soon begin hearing Future Retail's appeal against order directing status quo on deal with #Reliance.
Matter is listed for hearing before Division Bench of Chief Justice DN Patel and Justice Jyoti Singh.
#Amazon #Future
@fg_buzz @kishore_biyani @amazon
Matter is listed for hearing before Division Bench of Chief Justice DN Patel and Justice Jyoti Singh.
#Amazon #Future
@fg_buzz @kishore_biyani @amazon
Hearing begins.
Senior Advocate Gopal Subramanium for @amazon : May I have your lordship's leave to conclude my submissions today.
Yes : Court
#Future #Amazon
Senior Advocate Gopal Subramanium for @amazon : May I have your lordship's leave to conclude my submissions today.
Yes : Court
#Future #Amazon
Today I'm going to deal with the point whether the Single Judge order has superseded the Emergency Award: Subramanium
#Amazon got an āoperation successful, patient deadā verdict ā ā Lawyers say the Delhi High Court order is actually a win for #KishoreBiyani and #FutureGroup
businessinsider.in/business/news/ā¦
By @SanchDash
businessinsider.in/business/news/ā¦
By @SanchDash
#RelianceIndustries agreed to buy #FutureGroup but Amazon objected. The Jeff Bezos-led company already got an order from a Singapore arbitrator stopping the deal between #MukeshAmbani and #KishoreBiyani from progressing.
In response, #FutureGroup went to the Delhi High Court seeking it to stop the global e-commerce giant from interfering in the deal between. What the court said in its verdict is a case of āoperation successful but patient deadā, said Hitesh Jain, Managing Partner at Parinam Law.
Devil in the detail. The 132-page #Delhi HC verdict says the original #Amazon-#Future deal prima facie is in contravention of the FDI & FEMA rules in the absence of a government approval.
Here's the fineprint š
@amazonIN @amazon @NayantaraRai #FutureGroup
Here's the fineprint š
@amazonIN @amazon @NayantaraRai #FutureGroup
[Breaking] Reliance - Future Group Deal: Amazon gets relief as Singapore Emergency Arbitrator stalls the sale of Future Group
Read FULL STORY and ORDER: bit.ly/35BePRD
#Amazon #futuregroup #relianceretail
Read FULL STORY and ORDER: bit.ly/35BePRD
#Amazon #futuregroup #relianceretail
Order: Respondents (Future Group) are injuncted from taking any steps in furtherance to the Board Resolution of August 29, 2020 in relation to the transaction with Reliance, including but not limited to filing or pursuing any application before anybody or agency in India.
Senior Advocate Gopal Subramanium appeared for Amazon and was advised by P&A Law Offices and AZB & Partners.
Senior Advocate Harish Salve appeared for Future Group, and was briefed by Trilegal and Naik & Co.
Senior Advocate Harish Salve appeared for Future Group, and was briefed by Trilegal and Naik & Co.
#ICYMI | #KishoreBiyani gives up his retail empire to Mukesh Ambani ā says its now in āstronger handsā
#RelianceRetail acquires #FutureGroup for ā¹25,000 crorein a āslump saleā.
businessinsider.in/retail/news/muā¦
By @SanchDash
#RelianceRetail acquires #FutureGroup for ā¹25,000 crorein a āslump saleā.
businessinsider.in/retail/news/muā¦
By @SanchDash
šMukesh Ambani has bought Kishore Biyaniās Future Retail for ā¹24,713 crore.
With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL).
With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL).
š#RelianceRetail will now own all of Future Enterprisesā stores by way of a āslump saleā ā Big Bazaar, fbb, Foodhall, Easyday, Nilgiris, Central and Brand Factory. The deal will also see Reliance take over Futureās logistics and warehouse.
#RelianceRetail acquires Kishore Biyaniās #FutureGroup for ā¹25,000 crore in a āslump saleā
businessinsider.in/retail/news/muā¦
#KishoreBiyani #MukeshAmbani
By @SanchDash
businessinsider.in/retail/news/muā¦
#KishoreBiyani #MukeshAmbani
By @SanchDash
ā”ļøAfter months of wait, the cat is finally out of the bag. #MukeshAmbani has bought #KishoreBiyaniās Future Retail for ā¹24,713 crore.
ā”ļøWith the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL).
