Insights

As Future Group was gearing up to go ahead with its Reliance deal after the Delhi High Court Order in Dec 2020 and expecting quick approvals from authorities, Amazon expectedly has approached the Division Bench of the Delhi High Court. One of Amazon's primary contentions is that the observations of the Single Bench has allowed Future to circumnavigate the Emergency Arbitration Order in Singapore.

The highly anticipated Delhi High Court Order in the Amazon vs. Future & Reliance battle has come out with no clear victor. While Amazon has not been restrained from writing to regulatory authorities blocking the Reliance deal, the Future Group suit in HC has been held to be maintainable and the resolution to sell to Reliance valid. Regulatory authorities are open to make their own decisions. However, the HC has held that any attempt to control Future by Amazon through conflation of agreements would be violative of FEMA FDI Rules.

An informative bulletin to apprise LLC readers, subscribers and industry peers on the recent legal news, landmark judgments, regulatory or statutory developments and other updates from the legal landscape in India. We hope everyone enjoys the inaugural issue and we look forward to publishing many more in the future. We also thank ahead and look forward to any helpful feedback.

Click arrow to download

Amazon has approached the Singapore Arbitration Court which in turn has restrained the Future Group from selling its assets to Reliance. It is expected that all parties will also surely lock horns in Indian courts as the Singapore arbitration court and its restraining order will be tested in the context of Indian transactions and arbitration law.

A Supreme Court Bench headed by Hon’ble Mr. Justice D. Y. Chandrachud, while deciding on international travel ban as a condition for bail, has held that the right to travel abroad cannot be merely illusory and it is an inseverable part of the fundamental right to dignity and personal liberty.

A Supreme Court bench comprising of Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah, in light of the catena of judicial precedents from the highest court, has confirmed the punishment and held that the solitary evidence of the prosecutrix (a sexual offence victim) is enough to secure a conviction unless there are serious contradictions.