Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi high court. E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi high court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal. This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi since late October. Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year.
The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
Double Olympic 800 metres champion Caster Semenya has lost her appeal to the Swiss Federal Tribunal (SFT) to set aside a 2019 Court of Arbitration (CAS) ruling that female athletes with high natural testosterone levels must take medication to reduce it.
In a setback for China, an international arbitration court ruled that it has jurisdiction to hear some territorial claims the Philippines has filed against it over disputed areas in the South China Sea, a ruling rejected by China as null and void.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
Public purpose is not defined in any treaty that India has signed.
Reliance Industries on Saturday said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.
In her 'gender case' before the Court of Arbitration for Sports (CAS) in Lausanne, Switzerland, the world's top sports tribunal has suspended IAAF's Hyperandrogenism Policy, under which the AFI suspended Dutee from competitions in 2014.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Antonio Watson won a thrilling World Championship 400 metres gold on Thursday.
They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.
The government has signed Bippas with 72 nations.
Pakistan batsman Umar Akmal on Saturday claimed that he did not report to Pakistan Cricket Board about the spot-fixing approach made to him which led to his ban last year as he thought the information would not remain confidential.
The International Tennis Federation (ITF) has expressed its disappointment at the Court of Arbitration for Sport (CAS) decision to clear French player Richard Gasquet of doping after he tested positive for cocaine.
Barcelona said it could make a new appeal against the "disproportionate" one year transfer ban ordered by FIFA to a Swiss court, AFP reported.
Semenya has vowed to fight the regulations, but has already lost an appeal to the Court of Arbitration for Sport, and another subsequent plea to the Swiss Federal Tribunal (SFT) asking for the CAS ruling to be set aside.
'After a strategic pause though, Beijing will revive its policy of slowly creeping towards acquiring sovereignty over the South China Sea.'
Amazon has moved the Supreme Court challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it "illegal", "random", "inequitable and unfair". On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
Double Olympic champion Caster Semenya could trade her running shoes for soccer boots as early as next year after the 28-year-old signed for South African women's club JVW FC.
The Court of Arbitration for Sport C(AS) has rejected Romanian striker Adrian Mutu's appeal against an order to pay 17.17 million euros ($24.2 million) in damages to Chelsea, the court said in a statement on Friday. Mutu, now playing for Fiorentina in Italy, was ordered to pay the sum by FIFA last year after he was fired by the Premier League club in 2004 for testing positive for cocaine.
'Whoever is going to stop me from running is going to have to drag me out of the track'
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
The CJI has also kept with himself matters concerning arbitration, habeas corpus, criminal cases, contempt of court and ordinary civil matters.
Sport minister Tokozile Xasa, who has no direct authority over ASA, said in a statement she was making the instruction after receiving advice from a high-level panel.
Romanian weightlifter Gabriel Sincraian and Russian boxer Misha Aloian have been stripped of their 2016 Olympic medals after failing doping tests at the Games, the Court of Arbitration for Sport said.
World 100 metres champion Christian Coleman will miss next year's Tokyo Olympics after being banned for two years for breaching whereabouts rules, the Athletics Integrity Unit (AIU) said on Tuesday.
Former Pakistan cricketers Salman Butt and Mohammad Asif lost their appeals against bans for spot-fixing in the Lord's Test against England in 2010.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors generally.
Indian athletics' biggest doping scandal involving six top women runners, including three Asian and Commonwealth Games gold medallists, ended with the Switzerland-based Court of Arbitration for Sports handing them an enhanced ban of two years.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.
Real Madrid have won a small victory in their dispute with FIFA over the illegal signing of under-age foreigners after the Court of Arbitration for Sport (CAS) temporarily lifted its ban on appeal.
Five-times grand slam champion Maria Sharapova is seeking to have her two-year doping ban wiped out or reduced as she lodged an appeal with the Court of Arbitration for Sport (CAS) on Tuesday.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.
The Indian contingent said it had not lodged a formal protest with the Court of Arbitration for Sports over boxer Vikas Krishan's ouster from the Olympics 69kg bout though it had an earlier stated that it had a sent an appeal letter to the world sports' top tribunal.
Pakistan fast bowler Muhammad Asif has filed an appeal against his five-year ban by the ICC with the Court of Arbitration for Sport (CAS) in Switzerland.
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