New Delhi [India], February 22 (ANI): The Supreme Court on Monday issued a notice after hearing a petition filed by Amazon against Delhi High Court’s stay on Future Reliance deal status quo.
The top court bench, headed by Justice Rohinton Fali Nariman and also comprising Justice B R Gavai, was hearing today the plea filed by e-commerce giant Amazon challenging an order of the Delhi High Court allowing statutory authority, such as National Company Law Tribunal (NCLT) to hear Future Retail Limited’s (FRL) application seeking approval to complete its Rs 24,731 crore asset sale deal with Reliance Retail.
Amazon has been seeking enforcement of an order of the emergency arbitrator (EA) at the Singapore International Arbitration Centre (SIAC) restraining FRL from taking any steps to transfer its retail assets.
On Amazon’s plea, a Single Judge Bench of the Delhi High Court had on February 2 ordered FRL and various statutory authorities including NCLT and Securities and Exchange Board of India (SEBI) to maintain status quo with regard to its assets sale deal with Reliance Retail.
This order was stayed by a Division Bench of the High Court on February 8 after FRL moved an appeal claiming that it would have “disastrous” consequences for the Kishore Biyani-led company if the status quo order was not vacated.
The Division Bench of the High Court had also remarked that Amazon was not a party in the asset sale agreement between FRL and Reliance Retail.
Before the Supreme Court, Amazon has contended that the “High Court failed to appreciate the fact that even though FRL was not a signatory to the Future Coupons Pvt. Ltd. (FCPL) share holding agreement (SHA), FRL is still a party to the arbitration proceedings”.
“The order of the High Court is illegal, and arbitrary apart from being without jurisdiction, therefore, the same is liable to be set aside on this ground alone,” Amazon’s appeal stated in the top court.
Amazon had 49 per cent stake in FCPL, which in turn owns 9.82 per cent stake in FRL.
Amazon’s contention is that it has invested Rs 1,431 crore in FCPL on the clear understanding that FRL would be the sole vehicle for its retail business and its retail assets would not be alienated without consent and never to a Restricted Person, including Mukesh Dhirubhai Ambani (MDA) Group.
FRL, on the other hand, has objected to the enforcement of the EA award saying that it is not an order under Section 17(1) of the Arbitration and Conciliation Act and hence not enforceable in India.
FRL has contended that the Rs 24,731 crore deal was very important to save its 25,000 employees. It said as per the deal, Reliance will not only take over FRL’s shops but also all its liabilities. (ANI)
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All India Jamiatul Quresh district chief appeals not to give or take dowry
By All India Jamiatul Quresh
Agra (Uttar Pradesh) [India], March 8 (ANI): Following the recent suicide of 23-year-old Ayesha Arif Khan, who was allegedly harassed for dowry district chief of All India Jamiatul Quresh in Agra, Sarif Qureshi has appealed to the Muslim community to neither take nor receive dowry.
“We have appealed to Muslims not to take or give dowry. Dowry is a criminal act and is also prohibited in Sharia law,” Qureshi said.
Earlier in the day, Muslims organisations urged people to stop the exchange of dowry in all Muslim wedding following the death by suicide of Ayesha in Ahmedabad.
A section of the Muslim community in Agra too vowed to stop the exchange of dowry in all the marriages of its community.
In a meeting held at a local mosque in Agra after the Friday Namaz, the community leaders led special prayers for the soul of Ayesha.
Speaking to ANI, Jamit-Ul-Quresh president Mohammad Sharif Kale said, “Ayesha had been badly tortured by her husband and in-laws because she had not given dowry to them. Such people should be given the strictest punishment in the law.”
He also said that the people from all communities have to take a unanimous decision to disallow the exchange of dowry in all the community, as it is not the problem of just Muslims.
Furthermore, Hindustani Biradari member Siraj Kureishi said that dowry has been forbidden in Islam and the Muslim community should follow the teachings of the Holy Quran by renouncing dowry completely.
The woman named Ayesha jumped into a river and later died in Gujarat’s Ahmadabad after allegedly being harassed by her husband for dowry. (ANI)
NCB conducts multiple raids in Goa, Mumbai
Panaji (Goa) [India], March 8 (ANI): Officials of the Narcotics Control Bureau (NCB ) of Maharashtra and Goa conducted multiple raids and caught drug peddlers including foreigners as well as seized a huge amount of drugs from their possession in Goa.
The team, led by zonal officer Sameer Wankhede conducted raids at multiple locations across Goa late on Sunday as part of an anti-narcotics drive.
Speaking to ANI over the phone, Wankhede said that his team has caught drug peddlers including foreigners. The raid had been going on since morning and the team has now moved to other areas. (ANI)
Farooq Abdullah accuses BJP of spreading falsehoods
Udhampur (Jammu and Kashmir) [India], March 8 (ANI): National Conference (NC) president and former chief minister of Jammu and Kashmir, Farooq Abdullah on Sunday accused Bharatiya Janata Party (BJP) of spreading lies and attempting to pit leaders of other parties against each other.
Abdullah said, “A few days ago I got a fake call where a person impersonating as Jharkhand Chief Minister asked me to work for Mamata Banerjee in Kolkata and get rupees 50 lakh. I called up Jharkhand Mukti Morcha (JMM) MP who told me tjat Devegowda ji (former PM) got the same call. They (BJP) will use any means to pit us against one another.”
The National Conference president made this statement while addressing a meeting of party workers leaders in Udhampur.
On the revocation of Article 370 of the Constitution, Abdullah said it is not just a Kashmir-centric issue and much more important for the regions of Jammu and Ladakh.
Abdullah, Member of Parliament from Srinagar said, he continued to reiterate demand for the restoration of statehood and Article 370 and 35 A “to protect the rights of residents of Jammu and Kashmir, the land and government jobs.”
He also contested the claim by the BJP-led government of development in Jammu and Kashmir after the revocation of Article 370. “Unemployment is at its peak here,” he claimed. (ANI)
Punjab chief secretary holds meeting with experts to tackle second wave of COVID-19
Chandigarh [India], March 8 (ANI) Punjab Chief Secretary Vini Mahajan on Sunday held a high-level meeting with experts to tackle the second COVID-19 wave.
Mahajan chaired a virtual meeting of the State Health Response and Procurement Committee of the Departments of Health, Medical Education, and School Education, reviewed and discussed with experts the possible steps to effectively tackle the spread during the second wave, according to a press release.
Central Government’s Joint Secretary Dr Mandeep Bhandari, who had recently visited Punjab as head of the Central team along with Dr Lakshmi from PGIMER, shared their observations that the COVID spread in Punjab is not just specific to schools alone as other places are also affected and the primary reason for the surge in cases in the State is because people are not following COVID Appropriate Behaviors and not religiously abiding the COVID safety protocols.
The state Principal Secretary (Medical Education) DK Tewari informed that in Medical Colleges, students are getting tested every 15 days and no positivity has been found yet.
He also confirmed that all Government Labs are functional for RTPCR testing with a combined capacity of more than 30,000 tests per day.
The Chief Secretary directed the Health and Medical Education Departments to strengthen their treatment facilities to deal with the second wave and fill their remaining vacancies on priority.
Mahjan said that the government is keeping a close watch and depending upon the situation, the decision to reduce occupancy or closure of restaurants, malls and cinema houses will be taken in coming days.
Principal Secretary (Health and Family Welfare) Hussan Lal said that the number of vaccination sites would be extended to District Hospitals, Sub-Divisional Hospitals, and Community Health Centres to facilitate vaccination of eligible general population.
According to the union health ministry’s update on Saturday morning, Punjab had 6,661 active cases. As many as 5,898 people have so far lost their lives to COVID-19 in the state. (ANI)
India to become Aatmanirbhar in silk production in 2 years, says Smriti Irani
New Delhi [India], March 8 (ANI): Union minister Smriti Irani on Sunday expressed confidence that India will become self-reliant or Aatmanirbhar in silk production in the next two years.
The Minister for Textiles and Women and Child Development said the government aims to provide employment to over one crore people exclusively in the silk segment through the Krishi Vigyan Kendra programme according to a statement.
She said that India’s raw silk production increased by 35 per cent in the last six years.
The Minister said that more than 90 lakh people have got employment in raw silk production.
She made the statement while addressing a programme to announce a Memorandum of Understanding (MoU) between the Textiles Ministry and the Agriculture Ministry.
On the eve of International Women’s Day, the minister also distributed Buniyaad Reeling Machines to women silk reelers with an aim to eradicate unhygienic and obsolete thigh reeling practice.
The Minister informed that 8000 women thigh reelers were identified for providing Buniyaad machines and 5000 women have already been supported under Silk Samagra Phase I. She said that for the remaining 3000 thigh reelers, fund provision has been made in order to eradicate Unhygienic and Obsolete Thigh Reeling Practice from the country.
The Central Silk Board (CSB) under the Ministry of Textiles and the Ministry of Agriculture and Farmers Welfare signed a Memorandum of Understanding (MoU) on a convergence model for the implementation of Agro-forestry in the silk sector under the ongoing Sub-Mission on Agroforestry (SMAF) Scheme, in the presence of Irani and Minister of State for Agriculture and Farmers Welfare Parshottam Rupala.
The minister further stated that the MoU will increase the agricultural income from 20 to 30 per cent.
Referring to the PPE (Personal protective equipment) kits, in which India has become the second-largest producer in the world, she said that India has the capability of creating history in Agro-Technical Textiles also. She said farmers income has almost increased to 60 per cent by adopting Agro Technical Textile.
The Minister observed that consumption of agriculture-based technical textile will increase by involving Krishi Vigyan Kendra in creating awareness about Agro-tech and Technical textiles. She said this will lead the way for the creation of new products. (ANI)
HUSBAND STRANDED IN SAUDI ARABIA, WOMAN SEEKS MEA’S HELP TO BRING HIM BACK
HYDERABAD: A woman in Hyderabad has written to the Ministry of External Affairs (MEA) requesting the safe return of her husband who has been stranded in Saudi Arabia.
Speaking to ANI, Nafees Begum, the wife of Hassan Pasha, who is stuck in Saudi Arabia, said that her husband was first employed as a spray painter at a workshop at Markaz Fahad in Medina. “After working for 10 years, he was offered a partnership by his employer Fahad Al Harbi and asked for a share in his profit,” claimed Nafees Begum. “Five years into the partnership, he was able to pay for three months due to the Covid-19 pandemic. Later, the workshop was demolished by municipal authorities. His employer asked him to go back to India and come back again on a new visa. The owner said he would provide and has taken signatures for the same,” she added.
Days before he was scheduled to leave Saudi Arabia, Nafees Begum claimed Pasha got to know that his employer had filed a case against him.
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