New Delhi [India], February 28 (ANI): The Supreme Court on Monday agreed to hear a plea filed by Cyrus Mistry seeking to expunge remarks made against him by the top court in a judgment upholding Tata group's decision to remove him as its chairman.

New Delhi Feb 23 PTI The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide the plea challenging the revocation of sanction to the US e-commerce major for its deal with Future groups firm by the Competition Commission of India The suggestion was made by a bench headed by Chief Justice N V Ramana while adjourning to March 9 the hearing on Amazons appeal against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retails Rs 24500-crore merger deal with Reliance Retail The bench also comprising Justices A S Bopanna and Hima Kohli deferred the hearing after brief arguments on being told that the National Company Law Appellate Tribunal NCLAT is hearing another appeal of Amazon related to the merger deal The present SLP special leave petition is in one way connected to the outcome of the order challenged before the NCLAT We direct parties to request the NCLAT to decide the case List on March 9 it ordered At the outset senior lawyer Gopal Subramanium appearing for Amazon assailed the high courts stay on the arbitral proceedings saying that it has been passed in an appeal of FRL which was a non-maintainable He said the Future group had moved the high court seeking a direction to the SIAC that their plea to terminate the proceedings must be heard before adjudicating the matter on merits Senior Advocate Mukul Rohatgi representing Future group firm FCPL said that the agreement which gave rise to the arbitration agreement became unenforceable due to the findings of the CCI which revoked the Amazons deal on investing in FCPL Future Coupons Private Ltd If the agreement goes then the arbitration based on that agreement also goes Rohatgi said adding that a plea was filed with the CCI after the Future group became aware of the real intention of Amazon to get control of Big Bazar of FRL The top court took note of the submissions and asked the counsel for both sides to urge the NCLAT to decide the Amazon plea and in the meantime it will keep the petition pending here On February 9 the apex court had issued notices to Future group firms on Amazons plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before the arbitral tribunal over Future Retails merger deal with Reliance Retail It had sought responses from the Future group firms FCPL and Future Retail Ltd FRL and had said that it will hear the matter on February 23 without any adjournment The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latters merger deal with Reliance Amazon and the Future Group have been locked in a legal tussle after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre SIAC in October 2020 The fresh plea on which the apex court issued notice has been filed by the US firm assailing the January 5 order of a division bench of the Delhi High Court staying the Amazon-Future arbitration The division bench of the high court had also stayed a single judges January 4 order dismissing the Future Groups two pleas seeking a direction to the arbitration tribunal to decide on its application for terminating the arbitration proceedings before moving further The high court had said that there was a prima facie case in favour of FRL and FCPL and if a stay is not granted it will cause an irreparable loss to them Amazon argued that FRL violated their contract by entering into a deal for the sale of its assets to billionaire Mukesh Ambanis Reliance Retail on a slump sale basis for Rs 24500 crore In December last year the Competition Commission of India suspended its over-two-year-old approval for Amazons deal to acquire a 49-per cent stake in FCPL and FRL promoter and also slapped a penalty of Rs 202 crore on the e-commerce major Amazon has been objecting to the sell-off plans accusing Future Group of breaching its 2019 investment pact Future Coupons was founded in 2008 and is engaged in the business of marketing and distribution of gift cards loyalty cards and other reward programmes to corporate customers PTI SJK SA

New Delhi Feb 23 PTI The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide a plea challenging the revocation of sanction to the US e-commerce major for its deal with Future groups firm by the Competition Commission of India The suggestion was mooted by a bench headed by Chief Justice N V Ramana while adjourning to March 9 the hearing on Amazons appeal against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retails Rs 24500-crore merger deal with Reliance Retail The bench also comprising Justices A S Bopanna and Hima Kohli deferred the hearing after brief arguments on being told that the National Company Law Appellate Tribunal NCLAT is hearing another appeal of Amazon related to the merger deal The present SLP special leave petition is in one way connected to the outcome of the order challenged before the NCLAT We direct parties to request the NCLAT to decide the case List on March 9 it ordered On February 9 the apex court had issued notices to Future group firms on Amazons plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retails merger deal with Reliance Retail It had sought responses from the Future group firms Future Coupons Private Ltd FCPL and Future Retail Ltd FRL and had said that it will hear the matter on February 23 without any adjournment The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latters merger deal with Reliance Amazon and the Future Group have been locked in a legal tussle after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre in October 2020 The fresh plea on which the apex court issued notice has been filed by the US firm assailing the January 5 order of a division bench of the Delhi High Court staying the Amazon-Future arbitration The division bench of the high court had also stayed a single judges January 4 order dismissing the Future Groups two pleas seeking a direction to the arbitration tribunal to decide on its application for terminating the arbitration proceedings before moving further The high court had said that there was a prima facie case in favour of FRL and FCPL and if a stay is not granted it will cause an irreparable loss to them Amazon argued that FRL violated their contract by entering into a deal for the sale of its assets to billionaire Mukesh Ambanis Reliance Retail on a slump sale basis for Rs 24500 crore In December last year the Competition Commission of India suspended its over-two-year-old approval for Amazons deal to acquire a 49-per cent stake in FCPL and FRL promoter and also slapped a penalty of Rs 202 crore on the e-commerce major Amazon has been objecting to the sell-off plans accusing Future Group of breaching its 2019 investment pact Future Coupons was founded in 2008 and is engaged in the business of marketing and distribution of gift cards loyalty cards and other reward programmes to corporate customers PTI SJK SA

New Delhi Jan 26 PTI Liquor industry bodies CIABC and ADBVI have approached the NCLAT alleging abuse of dominant position by the Kerala State Beverages Manufacturing and Marketing Corporation in the state The Confederation of Indian Alcoholic Beverage Companies CIABC and Association of Distillers Brewers and Vintners of India ADBVI have challenged an earlier order passed by the Competition Commission of India CCI which had in October 2020 rejected their pleas and said there exists no prima facie case The National Company Law Appellate Tribunal NCLAT which is an appellate authority on January 24issued notice to the Kerala State Beverages Corporation KSBC and Travancore Sugar and Chemicals Ltd TSCL on their pleas Issue notice to Respondents No 2 KSBC and 3 TSCL returnable within four weeks Requisites along with process fee be filed within three days the NCLAT order said The appellate tribunal has fixed February 28 as the next date of hearing Kerala State Beverages Manufacturing and Marketing Corporation is a public sector body entrusted with exclusive control over the procurement wholesale and retail sale of liquor in the state In 2001 KSBC was also entrusted with the majority of retail outlets for the sale of alcoholic beverages in Kerala The associations submitted before the CCI that the entire supply chain from procurement to distribution and sale of liquor including India Made Foreign Liquor IMFL beer wine Foreign Made Foreign Liquor FMFL and Foreign Made Wine FMW in Kerala is controlled by it They had alleged that KSBC for the purpose of procurement of liquor floats tenders periodically inviting liquor manufacturers to participate and unilaterally and unfairly fixes the contract price Moreover abusing its dominant position it imposes unfair and discriminatory prices and terms on private alcoholic beverages manufacturers as against government brands and leverages its monopoly position by providing favourable prices as well as terms and conditions in the purchase of the product of TSCL It was alleged that KSBC grants preferential treatment to TSCL in terms of lower wholesale margin lower cash discount and priority in unloading at depots thereby placing private brands at a competitive disadvantage However this was rejected by the CCI which observed that several manufacturers were supplying multiple liquor brands to KSBC whereas TSCL was supplying only one brand of rum The CCI had also observed that the complainants had not been able to demonstrate how competition in general with the existence of so many brands in the market was adversely affected In light of the facts and evidence on record and based on the submissions of parties the allegations of abuse raised by the Informants are not found to be validated and no case of contravention of provisions of Section 4 of the Act can be stated to have arisen the CCI had said Act refers to the Competition Act 2002 Section 4 of the Act relates to the abuse of dominant position PTI KRH ABM ABM

New Delhi [India], January 17 (ANI): The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia Private Limited challenging National Company Law Tribunal (NCLAT) order that allowed to wind up the company.

New Delhi [India], October 7 (ANI): National Company Law Appellate Tribunal (NCLAT) has directed National Company Law Tribunal to grant more time to Zee Entertainment and its directors to file their reply to a plea by Invesco Developing Markets Fund for an extraordinary general meeting.

New Delhi Sep 17 PTI A day after the Centre permitted acting NCLAT chairperson Justice Ashok Iqbal Singh Cheema to continue in office till September 20 senior Congress leader P Chidambaram on Friday attacked the government saying he was treated worse than a daily wage earnerConsider the shabby manner in which the central government treated Mr Justice Cheema Acting Chairperson of NCLAT Appointed Acting Chairperson prematurely terminated on Sep 10 re-instated today and will serve until Sep 20 Chidambaram tweetedThe Chairperson of NCLAT is treated worse than a daily wage earner he saidThe former Union minister asked why anyone should accept a judicial office in any tribunal under this governmentThe row over Cheemas premature retirement ended in the Supreme Court on Thursday as the Centre conceded and permitted him to continue in office till September 20 to pronounce verdicts following the courts warning that the new law on tribunals would be stayed suo motuJustice Cheema was to superannuate on September 20 but Justice M Venugopal was appointed as the acting head of the tribunal with effect from September 11 creating a peculiar situation Justice Cheema had approached the top courtHowever Attorney General K K Venugopal on instruction from the Centre apprised the bench also comprising Justices Surya Kant and Hima Kohli of the changed stand of the government leading to the closure of the row PTI ASK DIV DIV

New Delhi [India], September 13 (ANI): The Supreme Court on Monday urged the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) to strictly adhere to the timelines stipulated under the Insolvency and Bankruptcy Code (IBC) and clear pending resolution plans within the deadline of 330 days.