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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Amazon Said to Issue Notice to Future Group, Asks Them to Refrain Transaction With Reliance Industries
Amazon has reportedly sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group. The e-commerce giant said that the scheme of arrangement between Future Group and Reliance was rejected by the creditors of Future Retail Limited.
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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
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Supreme Court To Hear Amazon Submission On Future Retail Assets On Monday
The Supreme Court is scheduled to hear on Monday the submissions of Amazon, seeking an interim order to ensure that the Future Retail assets not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal.
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Reliance Defends Takeover of Future Stores in Letter, Says Mounting Dues Compelled It to Act Beyond Expectations
Reliance has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million (roughly Rs. 4,800 crore) compelled it to act beyond expectations, a company letter shows.
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Amazon's Battle With Reliance for India Retail Supremacy: All You Need to Know
For more than a year, Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets to rival Reliance Industries, the country's biggest conglomerate.
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Amazon, India’s Future Agree to Talks, Aim to Resolve Bitter Legal Dispute
Amazon and India's second-largest retailer Future Group have agreed to talks, seeking to resolve legal wrangles at the heart of a battle for supremacy in the country's vast retail sector.
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Amazon Plans To File Case Against Future Over Store Transfers: Report
Amazon.com Inc plans to initiate criminal court proceedings this week against Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.
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Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
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Amazon Denied Approval To File Written Note In Case By Future Retail
The Supreme Court has disallowed Amazon to file a written submission in a case related to Future Retail's plea for approval to proceed with National Company Law Tribunal permission of going ahead with Rs 24,731 crore merger deal with Reliance Retail.
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Opinion: Amazon's 200-Crore Fine In India Will Seriously Warn Off Investors
What should be an ordinary commercial dispute between Amazon.com Inc. and the founders of a near-bankrupt retailer is shining a harsh light on the quality of legal and regulatory protection investors actually receive in India.
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Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
-
Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Amazon Said to Issue Notice to Future Group, Asks Them to Refrain Transaction With Reliance Industries
Amazon has reportedly sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group. The e-commerce giant said that the scheme of arrangement between Future Group and Reliance was rejected by the creditors of Future Retail Limited.
-
Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
-
Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
-
Supreme Court To Hear Amazon Submission On Future Retail Assets On Monday
The Supreme Court is scheduled to hear on Monday the submissions of Amazon, seeking an interim order to ensure that the Future Retail assets not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal.
-
Reliance Defends Takeover of Future Stores in Letter, Says Mounting Dues Compelled It to Act Beyond Expectations
Reliance has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million (roughly Rs. 4,800 crore) compelled it to act beyond expectations, a company letter shows.
-
Amazon's Battle With Reliance for India Retail Supremacy: All You Need to Know
For more than a year, Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets to rival Reliance Industries, the country's biggest conglomerate.
-
Amazon, India’s Future Agree to Talks, Aim to Resolve Bitter Legal Dispute
Amazon and India's second-largest retailer Future Group have agreed to talks, seeking to resolve legal wrangles at the heart of a battle for supremacy in the country's vast retail sector.
-
Amazon Plans To File Case Against Future Over Store Transfers: Report
Amazon.com Inc plans to initiate criminal court proceedings this week against Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.
-
Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
-
Amazon Denied Approval To File Written Note In Case By Future Retail
The Supreme Court has disallowed Amazon to file a written submission in a case related to Future Retail's plea for approval to proceed with National Company Law Tribunal permission of going ahead with Rs 24,731 crore merger deal with Reliance Retail.
-
Opinion: Amazon's 200-Crore Fine In India Will Seriously Warn Off Investors
What should be an ordinary commercial dispute between Amazon.com Inc. and the founders of a near-bankrupt retailer is shining a harsh light on the quality of legal and regulatory protection investors actually receive in India.
-
Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
