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.
The Amazon has sought directions to detain Kishore Biyani, Ashni K Biyani, Rakesh Biyani and others, including directors of Future Coupons and Future Retail, in civil prison.
Thanks to the pandemic, Big Tech has emerged with huge profits and enormous clout over individuals and governments, including sanctions against the president of the most powerful country in the world. Have the Big Five collectively become the new superpower?
A divisional bench of the Chief Justice DN Patel and Justice Jyoti Singh while hearing the appeal through video conferencing issued a notice on an appeal filed by Amazon against the order of a Single Judge.
Future Retail had alleged that the company in the e-commerce sector was allegedly interfering in the deal worth Rs 24,713 crore based on an interim order by the International Tribunal of Singapore.
In the petition, Viswam had prayed that Indians’ right to privacy should be protected from being misused by “giant corporations” for their “financial ends”.
New Delhi (ILNS): There was some level of good news for Future Retail in its complicated deal involving Reliance Retail on the one hand and Amazon on the other. The Competition Commission of India (CCI) today approved its sale to Mukesh Ambani’s Reliance Retail.
The Supreme Court on Monday will hear plea by Communist Party of India MP Binoy Viswam, seeking direction to the Reserve Bank of India to frame necessary regulations to make sure that Indians’ data collected on UPI platforms is not exploited by companies like Amazon, Google, and Facebook.
The Delhi High Court has sought a response from Amazon on the plea made by the Kishore Biyani-led Future Retail Ltd. (FRL) not to interfere in the Reliance deal.