The Delhi high court Wednesday sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon’s plea challenging the prima facie observations by a single judge that the US e-commerce giant’s attempt to control the Indian entity was violative of FEMA and FDI rules.
Amazon is likely to move a new petition in the Delhi high court in the ongoing battle against Future Group over the sale of the latter’s retail business to Reliance.
The Bombay high court on Wednesday heard Rohin Modi, son of Nirav Modi, on his challenge to confiscation of the south Mumbai triplex penthouse at Samudra Mahal, by ED, without giving him a chance to be heard as its beneficial owner. His counsel Abhimanyu Bhandari said Rohin, now an adult, was the beneficiary of the … Continue reading Nirav Modi’s son in HC against seizure of penthouse
The Punjab and Haryana high court on Tuesday issued notices to the Punjab government and the Centre on a plea filed by Reliance Jio Infocomm Ltd, seeking action against “miscreants” damaging its telecom infrastsructure and forcibly closing its stores in the state.
The Delhi high court on Monday dismissed Future Retail’s plea that sought to restrain its partner Amazon from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi high court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.
The fight between Amazon and Future Group has intensified. According to sources, Amazon has also filed a caveat in the Delhi high court in a bid to pre-empt Future’s move to challenge the Singapore arbitration ruling, which granted an interim stay on the Reliance-Future deal last month.
The Delhi high court has reached out to a group of Chinese banks that are trying to recover money from Anil Ambani. The trio won a ruling in a London court in May after pursuing him for over $700 million defaulted loans. Ambani has requested that the banks be included in his challenge to a … Continue reading HC seeks Chinese banks’ view on Anil Ambani’s plea
Delhi high court on Monday sought the Centre and State Bank of India’s (SBI’s) reply to former Reliance Communications (RCom) chairman Anil Ambani’s plea to include the Chinese banks, which have got a decree of $717 million against him from a court in United Kingdom, in the proceedings here related to recovery of Rs 1200 … Continue reading HC seeks Centre, SBI stand in Anil Ambani case
The Delhi high court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India’s richest man, and barred him from disposing of any of his assets. Anil Ambani had filed a plea with the HC challenging the appointment of a resolution professional over a roughly Rs 1,200 crore ($163 … Continue reading HC halts insolvency proceedings against Anil Ambani
The Bombay high court on Thursday granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, who have been accused of money laundering by the Enforcement Directorate in the multi-crore Yes Bank fraud case. Justice Bharati Dangre granted them bail as ED failed to file its charge sheet within the stipulated … Continue reading Yes Bank case: HC grants bail to Wadhawan brothers
The Madras high court refused to allow reopening of Vedanta’s copper smelter on Tuesday. The smelter has been shut for more than two years over pollution concerns.
The Delhi high court on Thursday granted bail to former Fortis Healthcare promoter Shivinder Mohan Singh in the Prevention of Money Laundering Act (PMLA) case related to alleged fraud at Religare Finvest Ltd (RFL)
The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund houses, interest and principal as long as the RBI allows banks and NBFCs to offer moratorium to their borrowers. Fund managers now fear that other NBFCs may take the same route and not pay MFs … Continue reading HC order on Indiabulls NCD puts MFs in tight spot
In a major relief to auditors BSR Associates and Delotte Haskins and Sells, Bombay high court on Tuesday quashed the prosecution of the erstwhile auditors of crisis-ridden IL&FS for being ‘bad in law.’
The e-proceedings facility introduced by the income tax (I-T) department from 2017-18 can lead to erroneous assessments as officials conclude these without “personal hearing” of the assessees, the Madras high court has said.
The court’s decision is a relief for Amazon and Flipkart, which is owned by US-based retail giant Walmart. Both the e-taliers have faced tightening regulations as protests from traders against their business practices have increased.
The Competition Commission of India (CCI) slammed Amazon India in the Karnataka high court (HC) on Thursday, saying its arguments were “mischievous” and that it is not answerable to the Seattle-based technology major before it begins a probe.
Amazon India has moved the Karnataka HC, seeking a stay on a probe by the Competition Commission of India. The e-tailer has slammed the probe, terming it “perverse, arbitrary and untenable in law”. On Jan 13, CCI had ordered a probe into the operations Amazon India for various trade practices, including deep discounts and favourable … Continue reading Amazon India slams probe by CCI, moves HC for stay