The Delhi High Court Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. Justice J R Midha directed Kishore Biyani-led FRL not to take further action on the deal with Reliance and held that the group willfully violated the EA's order.
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Amazon vs Future Group: Delhi HC restrains Kishore Biyani from moving ahead with Rs 24K cr RIL deal.
The Delhi High Court Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. Justice J R Midha directed Kishore Biyani-led FRL not to take further action on the deal with Reliance and held that the group willfully violated the EA's order.
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Amazon vs Future Group: Delhi HC restrains Kishore Biyani from moving ahead with Rs 24K cr RIL deal
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The Division Bench of Justice DN Patel and Justice Jasmeet Singh on Monday stayed Justice JR Midha order favouring the Emergency Award against Future-Reliance deal. The Bench has also issued a notice to Amazon on Future appeal. Division Bench while passing the order says, 'having heard the counsels and looking at the facts and circumstances of the case, the single bench order is stayed. The division bench had now slated the matter for April 30th.
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Amazon vs Future Group: Relief for Kishore Biyani, Delhi HC stays Single bench order
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E-tailers have been hit hard with fresh DIPP order on e-commerce that puts checks on how vendors sell products in online market place. Industry has raised red flag to some provisions that bar them from selling their own products online. Kishore Biyani reacts to New FDI Norms.
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The size and the scale and the efficiency which we are building, should not make us worry, Kishore Biyani, Group CEO, Future Group, tells ET Now.
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Salman Khan restrains news channel from defaming him- Bollywood actor Salman Khan recently filed a lawsuit against a news channel. The media house had run a story about Khan's trail in the 2002 criminal case where one person had died and few injured after his vehicle had allegedly rammed into the steps of a bakery in Bandra.
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Prime Minister Narendra Modi at the release of book 'Moving on.. Moving Forward : A Year in Office' published on the completion of One Year in the Office of Vice President Venkaiah Naidu
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