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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 updates👇🏽

#DelhiHighCourt #Amazon #FutureGroup
Read more about the plea being heard here.

#DelhiHighCourt #Amazon #FutureGroup
barandbench.com/news/amazon-fu…
Senior Advocate Gopal Subramanium is expected to continue his submissions on behalf of Amazon today.

#DelhiHighCourt #Amazon #FutureGroup
Read 60 tweets
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/litigatio…
Justice C Hari Shankar will hear the arguments at around 2:30pm.
#DelhiHighCourt @amazon #FutureGroup
Read 71 tweets
A Mega Thread fir Threads we have written so far

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#investing
#StockMarket
#sharemarket
A 🧵 on Changing dynamics Indian #QSR Industry!!

Let's understand the Industry where Domino's, McDonald's & BurgerKing operates!!

Read 8 tweets
#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
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
Read 27 tweets
#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
Read 17 tweets
#DelhiHighCourt is hearing @amazon plea seeking stay on Enforcement Directorate's invesigation into its 2019 deal with #FutureGroup
barandbench.com/news/litigatio…
Justice Rekha Palli is presiding.
Sr Advocate Sidharth Luthra appearing for Amazon.
#AmazonvED #DelhiHighCourt
Luthra is taking the Court through Foreign Exchange Management Act (FEMA).
#AmazonvED #DelhiHighCourt
Read 18 tweets
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. Image
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.
Read 47 tweets
#DelhiHighCourt is set to pronounce orders in Future Group's plea seeking quashing of @amazon arbitration before Singapore tribunal.
barandbench.com/news/litigatio…
#FutureVAmazon
Hearing starts. Justice Amit Bansal is presiding.
#DelhiHighCourt #AmazonVFuture
Order: Both the petitions are dismissed. Orders to be uploaded shortly.
Read 5 tweets
#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
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
Senior Advocate: The matter is before the Singapore Tribunal

#supremecourt #futuregroup #amazon
Read 4 tweets
#KishoreBiyani vs #Amazon – Delhi High Court brings up ‘civil prison’ for violation by Future Group, asks for recall of approvals granted to Future Retail- #Reliance deal

businessinsider.in/business/corpo…

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 arbitrator’s award in favour of the Jeff Bezos-led company.

#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 ‘why should they not be detained in prison’, reported legal news platform Bar & Bench.

#Amazon #Reliance
Read 6 tweets
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
Hearing begins.

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
Read 140 tweets
#Amazon got an “operation successful, patient dead” verdict ⁠— Lawyers say the Delhi High Court order is actually a win for #KishoreBiyani and #FutureGroup

businessinsider.in/business/news/…

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 “operation successful but patient dead”, said Hitesh Jain, Managing Partner at Parinam Law.
Read 4 tweets
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 👇

@amazonIN @amazon @NayantaraRai #FutureGroup
Read 5 tweets
[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
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.
Read 4 tweets
#ICYMI | #KishoreBiyani gives up his retail empire to Mukesh Ambani – says its now in ‘stronger hands’

#RelianceRetail acquires #FutureGroup for ₹25,000 crorein a ‘slump sale’.

businessinsider.in/retail/news/mu…

By @SanchDash Image
👉Mukesh Ambani has bought Kishore Biyani’s Future Retail for ₹24,713 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).
👉#RelianceRetail will now own all of Future Enterprises’ stores by way of a ‘slump sale’ – Big Bazaar, fbb, Foodhall, Easyday, Nilgiris, Central and Brand Factory. The deal will also see Reliance take over Future’s logistics and warehouse. Image
Read 6 tweets
#RelianceRetail acquires Kishore Biyani’s #FutureGroup for ₹25,000 crore in a ‘slump sale’

businessinsider.in/retail/news/mu…

#KishoreBiyani #MukeshAmbani

By @SanchDash Image
➡️After months of wait, the cat is finally out of the bag. #MukeshAmbani has bought #KishoreBiyani’s Future Retail for ₹24,713 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).
Read 5 tweets

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