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India Business News: NEW DELHI: Future Retail is expected to file a special leave petition and appeal against the order of Justice Midha in the Supreme Court to obtain app. ....
April 19, 2021 Future Retail is seeking an injunction against Amazon along with a damages claim worth ₹100 crore Future Retail is seeking an injunction against Amazon along with a damages claim worth ₹100 crore× The Future Retail-Amazon issue will now be heard only in the Supreme Court. On Monday, the apex court stayed any further proceedings in the High Court’s Divisional Bench and Single Judge Bench. After hearing the senior counsels of all the parties, Justice Rohinton F Nariman said that “further proceedings before the single Judge as well as the Division Bench of the High Court shall remain stayed.” He further allowed the counsels to file affidavits within a fortnight and a rejoinder affidavit within one week thereafter. ....
Future Retail to defend petition filed by Amazon in Supreme Court February 15, 2021 × The Future Retail-Amazon corporate battle has intensified. Future Retail has said it will defend the petition filed by Amazon in the Supreme Court. Earlier last week, Amazon had filed a Special Leave Petition before the top court against the status quo Stay Order passed by the Divisional Bench of the Delhi High Court. Now, the Kishore Biyani-owned Future Retail, too, has said it will defend the petition. The Company shall defend the matter and proceedings through our legal counsels and keep you informed about outcome of the same. ....
Arguing for Future Retail, senior lawyer Harish Salve claimed that Amazon s appeal was misconceived and had a sleight of hand, asking Amazon to not do in court what they do in the retail business. Salve submitted that with this appeal before a division bench, Amazon had finally acknowledged that the single-judge bench had ruled against them. Future Retail has claimed many inaccuracies in Amazon s appeal and will file its reply which will be considered by the High Court on the next hearing on February 12. On December 21, 2020, a single-judge bench of Justice Mukta Gupta had left it to Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) to decide on objections to the deal even as it held Future Retail s plea and its August 29 board resolution for the deal with Reliance as valid. While the court had refused to restrain Amazon from writing to SEBI and CCI in view of the potential of irreparable damage to business , it also held that Future ....