The Singapore International Arbitration Centre put a temporary hold on the Kishore Biyani-led Future Retail’s Rs 24,713-crore deal to sell assets to Reliance Industries. Amazon.com Inc had invoked arbitration proceedings, alleging that Future’s sale of its assets to Reliance breached its contract with Amazon signed last year.
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In case you missed it: News and newsmakers from India over the past week
A Delhi court has awarded three-year jail term to Dilip Ray, the 68-year old former minister of state in the Vajpayee government, in a coal scam case pertaining to irregularities in the allocation of a Jharkhand block in 1999, saying white collar crimes are “more dangerous” than ordinary ones.
The CBI investigation in the Hathras case—a Dalit girl was allegedly gang-raped and wounded on September 14 and she died on September 29 at a Delhi hospital— is to be monitored by the Allahabad High Court and the CRPF would provide security to her family and witnesses, the Supreme Court said.
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