Skip to content
Tuesday, September 1
  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
International Media News

International Media News

International Media News

International Media News

International Media News

  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
Home>>Business>>Delhi High Court Summons Amazon On Future Retail’s Suit
Business

Delhi High Court Summons Amazon On Future Retail’s Suit

international media news
November 14, 2020 210 Views0

The Delhi High Court sought Amazon’s response on a plea by Kishore Biyani led Future Retail Ltd (FRL) alleging that the e-commerce major was interfering in its deal with Reliance Retail on the basis of an interim order by a Singapore arbitrator. Justice Mukta Gupta issued summons to Amazon, Future Coupons Pvt Ltd (FCPL) and Reliance Retail Ltd (RRL) on the FRL suit and asked them to file their written statements within 30 days. The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open. The order was passed after hearing day-long arguments on behalf of FRL, FCPL, Reliance, and part arguments by Amazon.

The arguments on behalf of Amazon will continue on Wednesday. The Singapore International Arbitration Centre (SIAC), on October 25, passed an interim order in favour of Amazon barring FRL from taking any step to dispose of or encumber its assets or issuing any securities to secure any funding from a restricted party.

Subsequently, Amazon wrote to market regulator SEBI, stock exchanges, and Competition Commission of India (CCI), urging them to take into consideration the Singapore arbitrator’s interim decision as it is a binding order, FRL told the high court.

FRL has urged the high court to restrain the US-based e-commerce major from writing to SEBI, CCI, and other regulators about SIAC’s order, saying it amounts to interfering with the agreement with RIL

Share:

Previous Post

India’s GDP To Shrink By 8.9% In 2020, Says Moody’s

Next Post

Covid Has Not Avoided Me, But I Feel Good: Ukrainian President In His Address To Nation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

  • USCIRF calls for sanctions on RSS; MEA calls it a ‘biased’ organisation ‘lacking credibility’
  • ‘The Odyssey’ becomes highest-grossing R-rated film of all time, beats ‘Deadpool & Wolverine’
  • FIFA World Cup 2026: Leandro Paredes gets 10-match ban, Argentina fined USD 321,000 after final brawl
  • RBI’s new interest rate rules for bank deposits: Check the revised regulations from 1 October 2026
  • Pentagon fires US military newspaper staffers: What happened and why is USS Abraham Lincoln report at centre of row?

Latest News

USCIRF calls for sanctions on RSS; MEA calls it a ‘biased’ organisation ‘lacking credibility’

international media news
August 23, 2026

The Ministry of External Affairs (MEA)  criticised the United States Commission on International Rel

‘The Odyssey’ becomes highest-grossing R-rated film of all time, beats ‘Deadpool & Wolverine’

international media news
August 23, 2026

FIFA World Cup 2026: Leandro Paredes gets 10-match ban, Argentina fined USD 321,000 after final brawl

international media news
August 23, 2026

RBI’s new interest rate rules for bank deposits: Check the revised regulations from 1 October 2026

international media news
August 23, 2026

Latest News

USCIRF calls for sanctions on RSS; MEA calls it a ‘biased’ organisation ‘lacking credibility’

international media news
August 23, 2026

‘The Odyssey’ becomes highest-grossing R-rated film of all time, beats ‘Deadpool & Wolverine’

international media news
August 23, 2026

Popular Categories

  • India
  • World
  • Business
  • Entertainment
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
All Rights Reserved © International Media News | Website By - Hurl Technologies Pvt. Ltd. | WordPress Theme Ultra News