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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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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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Amazon's Notice To Future Group Promoters To Stop Transaction With Reliance
E-commerce major Amazon has sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group either directly or indirectly, source aware of the development said on Tuesday.
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Ashni Biyani Resigns As Managing Director Of Future Consumer Ltd
Ashni Biyani, daughter of Future Group's Chairman Kishore Biyani, has resigned as the Managing Director of Future Consumer Ltd (FCL). Ashni Biyani's resignation has been accepted by the board.
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Women's Cricket Looks To Future With New-Style Event In Dubai
An innovative women's cricket tournament grouping established stars with emerging-nation players starts this week as the sport looks to expand globally and outgrow its reliance on the men's game.
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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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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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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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"Approach High Court To Resume Reliance Deal": Supreme Court To Future Group
The Supreme Court on Tuesday granted liberty to Future Retail Ltd (FRL) to move the Delhi High Court for seeking nod to proceed with the National Company Law Tribunal (NCLT) permission of going ahead with the Rs 24,731 crore merger deal with Reliance
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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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Amazon Said to File New Legal Challenges in Dispute With Future Group Over Reliance Deal
Amazon is said to have filed a new legal challenge in its bitter dispute with Future Group after the Competition Commission of India suspended its approval of Amazon's 2019 deal with Future, denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance.
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In Amazon vs Future Retail, Singapore Arbitration Stopped By Court
The Amazon-Future arbitration which is going on before a three-member arbitration tribunal over the latter's Rs 24,500-crore deal with Reliance was halted by the Delhi High Court today.
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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.
-
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.
-
Amazon's Notice To Future Group Promoters To Stop Transaction With Reliance
E-commerce major Amazon has sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group either directly or indirectly, source aware of the development said on Tuesday.
-
Ashni Biyani Resigns As Managing Director Of Future Consumer Ltd
Ashni Biyani, daughter of Future Group's Chairman Kishore Biyani, has resigned as the Managing Director of Future Consumer Ltd (FCL). Ashni Biyani's resignation has been accepted by the board.
-
Women's Cricket Looks To Future With New-Style Event In Dubai
An innovative women's cricket tournament grouping established stars with emerging-nation players starts this week as the sport looks to expand globally and outgrow its reliance on the men's game.
-
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.
-
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.
-
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.
-
"Approach High Court To Resume Reliance Deal": Supreme Court To Future Group
The Supreme Court on Tuesday granted liberty to Future Retail Ltd (FRL) to move the Delhi High Court for seeking nod to proceed with the National Company Law Tribunal (NCLT) permission of going ahead with the Rs 24,731 crore merger deal with Reliance
-
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.
-
Amazon Said to File New Legal Challenges in Dispute With Future Group Over Reliance Deal
Amazon is said to have filed a new legal challenge in its bitter dispute with Future Group after the Competition Commission of India suspended its approval of Amazon's 2019 deal with Future, denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance.
-
In Amazon vs Future Retail, Singapore Arbitration Stopped By Court
The Amazon-Future arbitration which is going on before a three-member arbitration tribunal over the latter's Rs 24,500-crore deal with Reliance was halted by the Delhi High Court today.
