February 11, 2021 2:14 pm
The development comes after a recent Delhi High Court's ruling that stayed a previous order on status quo of the deal and ruling that statutory authorities cannot be restrained from acting in accordance with law.
February 09, 2021 12:37 am
The “Group of Companies’ Doctrine” cannot be invoked, the Division Bench said. Prima facie, it said, the three agreements are different. “Prima facie, there was no reason to seek a status quo order before the Single Bench.”
February 08, 2021 9:01 pm
The court had last week sided with the U.S. online retailer and put Future's asset sale to Reliance Industries on hold, leading to an appeal from the Indian retail group.
February 04, 2021 5:47 pm
The high court also held that the order of the emergency arbitrator was not a nullity as claimed by Future Retail and Reliance Retail and that it was enforceable under Indian laws.
February 03, 2021 12:24 am
The authorities have also been directed to file a status report within 10 days. “This court is satisfied that immediate orders are necessary to protect the rights of the petitioner till the pronouncement of the reserved order,” Justice J R Midha said in an interim order.
January 30, 2021 8:26 pm
In a letter addressed to the Future Group employees, Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information.
January 25, 2021 11:22 pm
In the U.S. giant's latest effort to derail Future's asset sale to Reliance Industries, it asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator, which Amazon and Future had agreed to use in case of disputes, the filing showed.
January 04, 2021 12:08 pm
Given that Future Retail failed to stop Amazon from presenting itself to the various government bodies and regulators, the e-commerce giant will be allowed to make its case, mainly on the basis of the arbitration award.
November 23, 2020 1:45 pm
RIL stock gained 3.72 per cent to Rs 1,970 on the BSE. On the NSE, it jumped 3.67 per cent to Rs 1,969.35.
November 21, 2020 1:18 am
The Rs 24,713-crore acquisition has faced stiff resistance from Amazon, which appealed to the Sebi, BSE and NSE to not approve the deal.