Wednesday, January 13, 2021

High Court seeks Future Retail's stand on Amazon plea to set aside court's observations against it

Delhi HC sought response of Kishore Biyani-led Future Retail Ltd (FRL) on Amazon's plea challenging the prima facie observations by a single judge that the US e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules. A bench of Chief Justice D N Patel and Justice Jyoti Singh issued notice to FRL, Reliance Retail and the Biyanis seeking their stand on the plea by Amazon against some of the observations by the single judge in a December 21, 2020 interim order.

from Gadgets Now https://ift.tt/2Xyht6U

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