In a keenly awaited verdict, the Supreme Court held that Singapore’s Emergency Arbitrator (EA) award was enforceable in a plea filed by e-commerce giant Amazon against the Rs 24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.
The Supreme Court on Monday refused to stay inquiry against e-commerce giants Amazon and Flipkart by the Anti-Competitive Commission for alleged Competition Law Violations, stating "Big Corporates like Amazon and Flipkart should be subject to transparency and inquiry."
The Supreme Court on Friday upheld the Delhi High Court Single-Judge order on Amazon's petition against the Future-Reliance deal and held that Singapore's Emergency Arbitrator Award, restraining Future Retail from going ahead with its merger deal with Reliance Retail
The Supreme Court on Tuesday started hearing on the petition filed by Amazon against the Delhi High Court Division Bench order, which had stayed the order of the Single-Judge Bench, directing a status quo on the Future-Reliance deal.
The Supreme Court is currently hearing a matter on whether an emergency arbitration award won by Amazon in the Singapore International Arbitration Centre is valid and whether the Future Group can be restrained from completing the transaction
As in the case of the new IT rules—aimed at controlling social media majors Facebook, Twitter and WhatsApp, as well as digital news portals like The Wire, Scroll and The Quint—the objective behind the draft e-commerce rules is shadowing.
The Supreme Court on Wednesday issued notice on a PIL seeking directions to the Centre to have a mechanism to track total GST paid on the OIDAR (Online Information and Database Access or Retrieval Services) services used by Non-Taxable Online Indian recipients under reverse charge basis.