In a significant move, a two-judge bench of the #DelhiHighCourt has stayed the arbitration proceedings between #FutureGroup & Amazon India going on before the Singapore Arbitration Tribunal until further orders.
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Moneycontrol
Future Group-Amazon: Delhi High Court stays arbitration proceedings before Singapore tribunal
The bench headed by high court’s chief justice was hearing an appeal filed by Future group after the Kishore Biyani-led companies faced a setback before a single-judge bench.
Of late, India has been losing face in international litigation, save some notable political ones like the #KulbhushanJadhav case in the #ICJ against #Pakistan.
But why does India lose international #arbitration cases? Find out here 👇
https://www.moneycontrol.com/news/business/devas-multimedia-case-why-does-india-lose-international-arbitration-cases-8228721.html?utm_source=telegram&utm_medium=social
But why does India lose international #arbitration cases? Find out here 👇
https://www.moneycontrol.com/news/business/devas-multimedia-case-why-does-india-lose-international-arbitration-cases-8228721.html?utm_source=telegram&utm_medium=social
Moneycontrol
Devas Multimedia case: Why does India lose international arbitration cases?
Bureaucratic pig-headedness, information gaps and a flabby legal system make it easy for global litigants to seek Indian assets abroad
The court was hearing Amazon's plea to restrain Future Retail from alienating its #retail #assets until #arbitration between the American company and the Kishore Biyani-owned group concluded.
Read more about the litigation 👇
https://www.moneycontrol.com/news/business/companies/amazon-has-destroyed-us-future-retails-tells-supreme-court-8305231.html?utm_source=telegram&utm_medium=social
Read more about the litigation 👇
https://www.moneycontrol.com/news/business/companies/amazon-has-destroyed-us-future-retails-tells-supreme-court-8305231.html?utm_source=telegram&utm_medium=social
Moneycontrol
Amazon has destroyed us, Future Retails tells Supreme Court
The apex court was hearing Amazon's plea seeking to restrain Future Retail from alienating its retail assets until the arbitration between the US-based e-commerce giant and the Future group concludes