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  1. Business News
  2. Authors
  3. indu bhan

Indu Bhan

The matter is sure to lead to another legal battle between Amazon and Future. The two sides have been embroiled in a legal battle for more than a year now over Future Retail’s move to sell its retail assets to Reliance Retail for Rs 24,500 crore.
CCI suspends Future deal, fines Amazon

The anti-trust regulator also imposed a Rs 202-crore penalty, which Amazon is required to pay within sixty days.

By Indu Bhan
December 18, 2021 04:00 IST
The Supreme Court had in November 2019 held the Singh brothers guilty of contempt for violating its earlier orders that had restrained them from divesting their shares in Fortis Healthcare.
Daiichi plea: SC seeks response from former Ranbaxy promoters

A bench led by Justice UU Lalit while issuing a notice to the Singh brothers and other related entities, stayed…

By Indu Bhan
December 14, 2021 03:00 IST
A bench led by Justice MR Shah while upholding the Appellate Tribunal for Electricity’s March 2019 decision said that once it is held that the captive consumers/captive users are not liable to pay the additional surcharge leviable under Section 42(4) of the Electricity Act 2003, MERC has to refund the additional surcharge collected from the captive consumers like JSW.
SC asks Maharashtra regulator to refund surcharge collected from captive power users

However, it said that since “there shall be a huge liability on the Commission if it has to now refund…

By Indu Bhan
December 11, 2021 01:45 IST
It is in the interest of the economy and to meet the ends of justice that the integrated steel plant be allowed to obtain the revised EC sought by the new management in place under the CIRP of the IBC, lest it frustrates the object and purpose of the Electrosteel’s insolvency resolution, the application stated.
SC lets Electrosteel operate plant till Centre considers request for revised clearance

Vedanta, which took over ESL in 2018 after the NCLT approved its resolution plan, said that the successful resolution applicant,…

By Indu Bhan
December 10, 2021 03:15 IST
Seeking restoration of the ban, the state government in its appeal told the SC that the HC erred in declaring that the state government lacked legislative competence to adopt the 2021Amendment Act.
Tamil Nadu govt moves SC against HC order banning online betting games

Contending that teenagers and adults were losing their entire earnings and savings in these online betting games, the Tamil Nadu…

By Indu Bhan
December 8, 2021 03:00 IST
The apex court in the meantime directed the Calcutta High Court to decide the maintainability of DVC’s appeal pending before it.
SC to hear cross-appeals by Reliance Infra, Damodar Valley Corp next week

Challenging the HC’s order, RInfra said that the HC had illegally, and wrongfully entertained the DVC’s appeal and granted a…

By Indu Bhan
December 4, 2021 02:45 IST
To avoid any further litigation, KBL, however, urged the SC to direct not only all the signatories to the DFS but all companies (whether present and future), under their management/control to unconditionally submit themselves to mediation/arbitration.
SC directs Kirloskar family to resolve row

Sanjay Kirloskar got to lead the pump manufacturing company, Kirloskar Brothers while Atul Kirloskar and Rahul Kirloskar led the engine…

By Indu Bhan
December 3, 2021 06:00 IST
The police here did what even the National Company Law Tribunal did not do (freeze shares and voting rights)”.
SC allows Yes Bank to vote in Dish TV’s AGM

Essel Group-owned Dish TV India had on Monday night announced that it has postponed its annual general meeting, scheduled for…

By Indu Bhan
December 1, 2021 03:30 IST
vijay-mallya-1
Can’t wait ‘forever’ for fugitive industrialist Vijay Mallya: SC

We have sufficiently waited for him to come. That is enough… We cannot wait forever: SC

By Indu Bhan
December 1, 2021 02:27 IST
amazon
Amazon-Future Retail case: SC defers hearing

Amazon, in its fresh SLP, is likely to be heard next week, said that the HC issued its directions without…

By Indu Bhan
November 24, 2021 08:09 IST
While allowing the government to sell the residual stake in the open market, the court took note of Vedanta's submission that it wasn't planning to exercise its second call option under the share purchase agreement.
Supreme Court allows govt to sell balance stake in Hindustan Zinc

Apex court orders regular CBI probe into 2002 disinvestment of the mining company; Vedanta not to exercise second call option

By Indu Bhan
November 19, 2021 05:45 IST
In case, CWC failed to get such approval within three months, the APSEZ was directed to acquire the land of the same size outside SEZ area for the construction of a warehouse facility within one year.
CWC moves Supreme Court against Adani Ports SEZ

In it appeal, CWC, which is operating a warehouse comprising of two godowns with a total capacity of 66,000 MTs…

By Indu Bhan
November 10, 2021 02:31 IST
It also asked CCI to revoke the approval it had given to Amazon-Future Coupons (FCPL) deal in November 2019.
Amazon feud: Future moves Supreme Court to stay tribunal ruling

Delhi High Court earlier refused to stay SIAC order blocking Future’s deal with Reliance

By Indu Bhan
November 9, 2021 04:15 IST
The SC Bench agreed with the tax department’s stand that any indulgence shown contrary to the statutory mandate would not only be an illegality but in reality would simply lead to collapse of tax administration of Union, states and Union Territories.
Supreme Court disallows Rs 923-crore GST refund to Bharti Airtel

A Bench led by Justice AM Khanwilkar, on the tax department’s appeal, set aside the Delhi High Court’s May 2020…

By Indu Bhan
October 30, 2021 04:45 IST
FRL further urged the HC to allow the company to conduct a meeting of shareholders and creditors for approval to sell its retail assets to Reliance Retail in accordance with the directions given by the National Company Law Tribunal, Mumbai, on September 28.
Reliance Deal: Delhi High Court rejects FRL plea for stay on tribunal order

Justice Suresh Kumar Kait, while seeking response of Amazon on FRL’s appeal against the Singapore International Arbitration Centre’s (SIAC) interim…

By Indu Bhan
October 30, 2021 04:00 IST
It alleged that Sahara group had failed to provide crucial documents to verify its claims, and that there are “various lacunae, contradictions and inconsistencies in the documents” that it has already pointed out in various status reports.
Sebi moves Supreme Court seeking to attach, sell more Sahara group assets

It said nothing further survived in respect of the implementation of the August 31, 2012, judgment other than further attachment,…

By Indu Bhan
October 23, 2021 01:30 IST
Amazon Future Retail
Reliance deal: Amazon in Supreme Court against Future’s meetings

It said that despite this operative injunction, FRL issued the notice of meetings pursuant to the NCLT order. Further, the…

By Indu Bhan
October 22, 2021 04:00 IST
future group and amazon
Future Retail party to dispute with Amazon: Arbitration panel

This stance of the arbitration panel further bolsters Amazon’s stand that FRL violated contractual agreement by signing a merger deal…

By Indu Bhan
October 21, 2021 04:31 IST
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