Supreme Court of India
Future Coupons Private Limited & Ors. v. Amazon.com Nv Investment Holdings Llc & Ors
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above submissions, we grant liberty to FRL to approach the High Court by filing an application seeking continuation of the NCLT proceedings beyond the 8th Stage (Meeting of Shareholders and creditors).
Judgment, page 7
From the headnote
Companies Act, 2013 – ss. 230 to 232 – Continuation of proceedings before NCLT – Aggrieved by the sale tra nsaction between FRL-RG, respondent initiated an arbitration proceeding before the Singapore International Arbitration Cent er (SIAC) – Respondent obtained an injunction order from an Eme rgency Arbitrator appointed in pursuance of the arbitratio n agreement between the parties, by which FRL was injuncted from taking any steps to materialize the deal, including injunction against proceedings before various Regulatory authorities – Meanwhile, CCI and SEBI approved the composite scheme
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