The Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc and Walmart’s Flipkart must continue, rejecting demands of the two e-commerce giants to put them on hold. The Competition Commission of India (CCI) ordered the investigation in 2020 against the companies for allegedly promoting select sellers on their e-commerce platforms … Read more
The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited (FRL)and Reliance Retail. A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited (FRL), India’s second … Read more
The Supreme Court on Friday upheld Tata Sons’ decision to sack Cyrus Mistry as chairman of the salt-to-software conglomerate. The court pronounced its judgment on the cross appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal (NCLAT) order which had restored Mistry as the executive chairman of the over … Read more