Future-Reliance Divestment Deal: SIAC decides to proceed with Arbitration proceedings
Business
Nov 30, 2020
Dev Kumar Patel
(
Editor: Ekta Joshi
)
1 Shares
Earlier this week, SIAC (Singapore International Arbitration Centre) had rejected the Future Group’s contention that Future Retail, which is to engage in a proposed divestment deal with the Reliance Group’s retailing arm, be excluded from the arbitration. The matter has been triggered after Amazon objected to the divestment deal. The SIAC dismissed the jurisdictional objections raised by the Future Group on a prima facie basis.The SIAC decided to proceed accordingly. A tribunal will be...
SC Rejects PIL Seeking to Withdraw Mukesh Ambani Family’s Z + Security
Judiciary
Nov 04, 2020
Parul Singhal
(
Editor: Ekta Joshi
)
13 Shares
The Apex Court has dismissed a PIL seeking withdrawal of Z+ security cover given to Reliance Industries Chairman Mukesh Ambani and his family. It was observed in the case that it is for the State to assess and review the threat perception of the individual and take a call on such issues. A bench of Justices headed by Ashok Bhushan dismissed a plea filed by petitioner Himanshu Agarwal against the order dated December 2019 of the Bombay High Court. The Bombay High Court in its order had...
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