On the off chance that Amazon Wins, It Will Get Rs 1400 Crores, But 26,000 Employees Of Future Retail Might Lose Jobs :SC

Amazon Representation

"This matter is about 1,400 crores invested by Amazon versus 26,000 employees losing their jobs and 8-10,000 crores of banks going bust.

If Amazon wins, it will get its 1,400 crores, but one of our terms with Reliance is that not even a single employee will lose his job and the banks will be paid", Senior Advocate Harish Salve, for Future Retail, told the Supreme Court on Tuesday.

The Bench of Justices Rohinton Nariman and B. R. Gavai was hearing Amazon's challenge to an order dated.

Mr. Salve took the bench through the aforesaid order of the Single Judge, Justice J. S. Midha,arguing how it was erroneous in law.

``When I am saying that the order of the Emergency Arbitrator is null and void for two reasons – one, that there is no notion of any emergency  arbitrator under Indian law, and two, that there is no arbitration agreement in any case between Amazon and myself, the executing court cannot blindly say because the Emergency Arbitrator has said something, I will execute it!

 The Single Judge heard all our arguments and then says you have not argued nullity?! This is what happens when we rush execution! It should be expeditious, but not at others' cost!", advanced the Senior Advocate.

More

SPORTS

Sourav Ganguly is the owner of a football club linked with the new IPL franchise owner

Sourav Ganguly has been facing new questions of conflict regarding the interest as the BCCI president is the co-owner of a football team along with Sa...

India vs Pakistan: Student from Kashmir was attacked in BGIET, Sangrur

Pakistan beat India in the ongoing ICC T-20 World Cup in UAE on Sunday night with 10 wickets. After the match finished, several students belonging to...

States & UTs

Sameer Wankhede isn't Bollywood-focused, his wife says; Dad says he's tormented by the allegations

NCB regional director Sameer Wankhede is not targeting Bollywood, his wife Kranti Redkar told India Today on Monday. He also responded to the allegati...

A black day in the history of India. “The truth behind the 22nd October- Black day of Kashmir.”

27th of October is observed as the Black Day. During this day India had invaded the disputed Jammu and Kashmir back in 1947.Alastair Lamb, in his book...

POLITICS

Captain Amarinder: 'Yes, I am forming a party, can go for a seat-sharing pact with BJP.'

Ahead of the nation polls subsequent year, former Punjab chief minister Amarinder Sin...

PM Modi To Inaugurate 9 Medical Colleges In Uttar Pradesh Today

Prime Minister Narendra Modi will inaugurate 9 clinical faculties in Uttar Pradesh at 10:30 am tomor...

ENTERTAINMENT

SRK’s manager Pooja Dadlani’s old post goes viral

Shah Rukh Khan’s manager Pooja Dadlani has been status strong with the actor and his family wi...

Mahesh Manjrekar shares his story of fighting against cancer while shooting for “Antim: The final truth.”

Mumbai: actor-filmmaker Mahesh Manjrekar announced on Monday that he is cancer-free. The actor even...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.