Amazon approaches NCLAT: Challenges Competition Commission of India (CCI) & Delhi HC order

Amazon approaches NCLAT:  Challenges Competition Commission of India (CCI) & Delhi HC order

10 January 2022, Mumbai:

Steps Up Legal Battle With Future After Stay On Arbitration

Use-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.

Favourable outcomes for Amazon can derail the Big Bazaar parent's preparations for its Rs 25,000-crore asset sale to Reliance Retail.

Future Retail says Amazon tried to browbeat CCI - OrissaPOST

TOI had reported that Future Group is likely to approach the National Company Law Tribunal (NCLT) to seek approval for a shareholders' meet after a division bench of the Delhi HC on January 5 stayed ongoing Amazon Future arbitration proceedings before a Singapore tribunal.

SOURCE: TOI Dt 10-01-2022

(The news article has not been edited by DFU Publications staff)

 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. 

Subscribe to our newsletter.

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex