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The Supreme Court Thursday dismissed a plea of the Sapoorji Pallonji (SP) group seeking a review of the 2021 verdict which had upheld the Tata group’s decision to remove Cyrus Mistry as the executive chairman of the Tata Sons. A bench headed by Chief Justice N V Ramana, however, ordered the deletion of certain remarks … Continue reading SC dismisses plea to review decision on removal of Mistry

The Supreme Court on Tuesday extended deadline for demolition of Supertech’s twin towers in Noida till August 28. Supertech twin tower demolition agency, Edifice Engineering, told the SC that it would require three months deferment of May 22 demolition deadline as the test blast revealed structure is stronger than anticipated.

The bench said that on the aspect of interim relief the court must be guided by the well settled principle of prima facie case, balance of convenience and whether there is any irreparable injury. The LIC IPO opened on May 4 for retail and other investors and is set to be allotted on Thursday.

Outmanoeuvred by the swift backdoor takeover of Future’s retail shops by Reliance, Amazon on Wednesday pleaded with the Supreme Court to restrain Reliance’s “frolic” with disputed assets, the focal point of a multi-layered litigation including international arbitration.

Solicitor General Tushar Mehta told the bench, also comprising Justices Dinesh Maheshwari and C T Ravikumar, that in money laundering cases relating to Vijay Mallya, Mehul Choksi and Nirav Modi, the ED has confiscated around Rs 18,000 crore by the orders of the courts following due procedure.

The Supreme Court on Monday agreed to hear review petition by Shapoorji Pallonji Group in connection with Tata Group vs Cyrus Mistry case. The petition by Cyrus Mistry will be heard in an open court on March 9.

The Supreme Court Wednesday sought a response from the Future group on Amazon’s plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail’s Rs 24,500-crore merger deal with Reliance.

Future, the country’s second-largest retailer, has since 2020 failed to complete its $3.4 billion retail asset sale to a rival due to successful legal challenges by Amazon, which argues the Indian group violated certain non-compete contractual terms the two sides had. Future denies any wrongdoing.

The Supreme Court on Tuesday reserved orders on the future course of the multi-layered litigations between Biyani group’s Future Coupons and cash-starved Future Retails, the latter managing to stay afloat with a promised Rs 25,000 crore deal with Reliance Industries, on one hand and the trillion dollar multinational retail company Amazon on the other.

The Supreme Court on Wednesday slammed real estate developer Supertech over non-payment to the homebuyers for flats which were ordered to be demolished. A bench headed by Justice DY Chandrachud told Supertech to keep their office in order and to make the payment to home buyers by January 17. It said that no amount should … Continue reading Return homebuyers’ money by Jan 17, SC tells Supertech

The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). “We reserve the order. All the four SLPs (special leave … Continue reading SC reserves verdict on pleas of Future group firms

US e-tailer Amazon has stepped up its legal battle with Kishore Biyani’s Future Group, challenging a Competition Commission of India (CCI) order at the National Company Law Appellate Tribunal (NCLAT) and filing a petition in the Supreme Court to quash a Delhi High Court order.

Lawyers in the high stakes Future-Amazon-Reliance litigation on Thursday recorded ‘no objection’ to an SC judge being part of a three-judge bench headed by CJI N V Ramana despite her declaration that she and her family members held shares in Reliance Group.

The Supreme Court on Monday issued notice to the Centre seeking a framing of a model builder-buyer agreement and agent-buyer agreement in real estate sector as envisaged under Real Estate Regulatory Authority (RERA). The apex court said that it it would help protect home/flat buyers from being exploited by builders. “Uniform builder-buyer agreement is require … Continue reading Homebuyers can’t be left at mercy of builders: SC

The Supreme Court has provided a major tax relief to banks’ earnings from investments in bonds, securities and shares and advised the government to keep its tax regime simple to prevent avoidance of tax liabilities.

The Supreme Court on Thursday stayed all enforcement proceedings before the Delhi high court on Amazon’s petition seeking enforcement arbitrary award restraining Future group from going ahead with its deal with Reliance. It also directed that no statutory authority — NCLT, CCI, Sebi — will pass any final order relating to approval of the deal.