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.
Future Retail Limited has challenged the order passed by a single-judge Delhi High Court bench yesterday directing it to maintain status quo on its Rs 24, 713 crore-deal with Reliance that has been objected to by e-commerce giant Amazon.
The petition has been moved by Amazon.Com NV Investment Holdings LLC against Future Coupons Private Limited, Future Retail Limited, & Ors, to restrain it from alienating, disposing of, transferring its assets.