With the Supreme Court not getting into the valuation part and leaving it to the two parties, lawyers said there was nothing much for Mistry Group to negotiate.
US e-commerce major Amazon Wednesday apprehended the "disappearance" of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli took note of the allegations of the US firm that the "applecart was being upset" by its rivals and asked the Future group firms, FRL and Future Coupons Ltd (FCPL), to respond to the interim plea of Amazon seeking resumption of arbitration and preservation of assets and fixed the hearing on March 23. Amazon and Future group are engaged in multi-forum litigations on the issue of FRL's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre (SIAC) in October 2020.
Salve said criticism of judges, judicial overreach and the manner of functioning is not scandalising courts, and the language in which such criticism is addressed should be treated with a grin.
No immediate relief was in sight for Jet Airways, with an Arbitration Tribunal adjourning arguments of the airline as well its failed takeover target Air Sahara till April.
The Supreme Court on Friday reserved its order on petitions challenging the Union government's decision to privatise oil sector PSUs Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd.
A bench of justices S K Kaul, Dinesh Maheshwari and Hrishikesh Roy reserved its verdict after lawyers representing Facebook official, Delhi assembly and the Centre wrapped up submissions on the plea of Mohan challenging summons issued by the Peace and Harmony committee for failing to appear before it as witness in connection with the north-east Delhi riots matter.
A see-saw battle of arguments between the Lodha camp and the Birla group, who are fighting for control of Priyamvada Birla's Rs 2,400 crore (Rs 24 billion) assets, on Thursday unfolded before the Supreme Court.
The NHRC counsel told this to a SC bench, which was hearing amicus curiae Harish Salve's plea for transfer of trials of cases to 14 serious cases of massacre outside Gujarat.
Reliance Infocomm on Tuesday said the company has not violated the licence agreement in the alleged re-routing of international calls saying the usage of Home Country Direct service by the company was fully recognised by the International Telecom Uni
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. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms, Future Coupons Private Ltd (FCPL) and Future Retail Ltd (FRL) and said that it will hear the matter on February 23 "without any adjournment". The Delhi high court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's Rs 24,500-crore deal with Reliance.
The Gujarat Government has challenged a high court order granting bail to certain accused persons in the Godhra train burning incident.
The Bombay high court said if the conditions of BCCI's tender are strictly adhered to then both are ineligible to bag the telecast rights.
A bench comprising Justice Ruma Pal, Justice S B Sinha and Justice S H Kapadia said this during hearing of an application filed by Amicus Curiae Harish Salve seeking compensation for the Gujarat riots victims.
The notice was issued on application alleging that the state had suppressed facts pertaining to grant of bail to the accused in various post-Godhra riot case.
The Medical Council of India alleged the Centre gave recognition to certain medical colleges in Andhra Pradesh without consulting it.
The television channel is asking the court to set aside BCCI's decision to cancel the telecast rights contract for cricket matches held in India between 2004 and 2008.
The Delhi high court on Friday asked the Centre to reply to pleas by Facebook and WhatsApp challenging the new IT rules for social media intermediaries requiring the messaging app to "trace" chats and make provisions to identify the first originator of information.
The pleas have also raised the issue of Election Commission's power on issuance of separate notifications for holding by-polls for casual and regular vacancies in Rajya Sabha.
The court asked the Maharashtra police to file their case diary pertaining to the ongoing investigation in the case by September 24.
The Supreme Court Thursday termed the COVID-19 situation as almost a "national emergency" while agreeing to hear Vedanta's plea for opening of its Sterlite copper unit at Tuticorin in Tamil Nadu on the ground that it would produce thousand tonnes of oxygen and give it free of cost to treat patients.
The Delhi high court on Friday declined Future Group's plea for stay on an arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained it from going ahead with the Rs 24,731 crore merger deal with Reliance Retail. Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, appearing for FRL, urged the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all proceedings in relation to the enforcement of the EA - would remain in force despite the subsequent order passed by the duly constituted arbitration tribunal.
Bihar Cricket Association (BCA) secretary Aditya Verma, who is the petitioner in the Indian Premier League (IPL) spot-fixing case, on Sunday, refused the speculations of Lalit Modi providing any kind of financial support to him.
The Supreme Court on Wednesday said the petitions filed by the Shiv Sena and its rebel MLAs raise many constitutional questions which require consideration by a larger bench.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
Pilot has spoken to a senior party leader from southern India on Thursday laying conditions for his return.
'They don't want anybody to stand up and support the vulnerable sections of society who may be targeted.'
The high-profile journalist has been remanded in judicial custody till November 18.
On November 8 last year, Rohatgi had informed the court that the decision to ban the transmission on November 9 had been put on hold by the government.
An emergency arbitration hearing between Amazon and retail conglomerate Future Group took place last week and a verdict is expected in the next few days, according to sources.
A bench headed by Chief Justice S A Bobde, who is demitting office as the 47th CJI, lamented imputation of motive by some senior bar members while allowing senior advocate Harish Salve to withdraw as an amicus curiae from the case after he said that he did not want it to be decided under the shadow that he was friends with Justice Bobde from "school and college days".
The top court said as per its understanding the plea could be entertained only if there is any action on the recommendation of the privilege committee of the house pursuant to the show cause notice issued to Goswami.
The Supreme Court is scheduled to pronounce on Friday the verdict on e-commerce giant Amazon's pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail and is likely to decide whether Singapore's Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore deal, was valid under Indian law and can be enforced. As per apex court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai which had reserved it on July 29 after hearing battery of lawyers including senior advocates Harish Salve and Gopal Subramanium, appearing for FRL and Amazon respectively. The verdict is keenly awaited as it is likely to deal with the legality and enforceability of an award by an Emergency Arbitrator (EA) of the foreign country here in view of the fact that the term EA is not used in the Indian Arbitration and Conciliation Act.
Senior advocate Harish Salve, appearing for the telecom major, informed Justice Manmohan that the company in its response to the high court's August 22 notice has said it is not acceding to jurisdiction of the Indian courts in the matter.
The apex court, which was hearing a matter pertaining to the October 3 violence in Lakhimpur Kheri in which eight persons including four farmers were killed during a farmers' protest, was told by the state government that statements of four out of the 44 witnesses have been recorded by the judicial magistrate.
The Supreme Court on Thursday said it will hear on July 20 the Amazon plea against the Delhi high court verdict which stayed the directive by its single-judge and paved the way for the multi-billion dollar deal to amalgamate Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, K M Joseph and B R Gavai was informed by senior advocate Harish Salve, appearing for the Future group, that a Singapore tribunal will commence hearing on the issue from July 12 and requested that the proceedings on the appeals be adjourned for a week. Senior advocate Gopal Subramanian, appearing for the US-based e-commerce giant, said he had no problem if the hearing on the appeals was adjourned by a week, as they will be busy next week before the tribunal.
After BCCI president N Srinivasan, it was the turn of Mahendra Singh Dhoni to face the heat in the Supreme Court as senior lawyer Harish Salve argued that India captain is guilty of corrupt conduct, alleging he gave false statements in the IPL spot-fixing scandal probe.
"Pakistan's story is solely based on rhetoric and not facts," said Harish Salve, who was representing India.
The bench issued notice to the Centre and said it would hear the matter on Friday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances