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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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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 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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"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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Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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Now, Amazon Scores Over Future Retail In Major Court Decision: 10 Points
The Delhi High Court today dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon as illegal. Justice Amit Bansal of the Delhi High Court said the filings were dismissed, without giving any further details.
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Future Retail Asks Delhi Court to Declare Singapore Arbitration Process With Amazon Illegal
Future Retail has petitioned a Delhi court to declare arbitration proceedings in Singapore with Amazon.com as illegal, arguing that India's antitrust agency had suspended a 2019 deal used by Amazon to assert rights over Future and stall its deal with Reliance.
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After Scoring Big Win Over Amazon, A New Aggressive Move By Future Retail
India's Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country's antitrust agency had suspended a 2019 deal which Amazon used to assert its rights over Future.
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Reliance-Future Deal: Amazon Asks India Antitrust Body to Revoke Approval
Amazon has asked the Competition Commission of India (CCI) to revoke clearance given to Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained".
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Amazon Alleges $1.5 Billion Diverted From Future Retail Amid Dispute
Amazon.com Inc., which is trying to block India's richest man from taking over a struggling retail chain, fired a fresh salvo by alleging that money from the local firm was possibly diverted to other companies.
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Opinion: We Didn't Know What We Signed With Amazon, Says Future's Board
Two of the world's richest men, fighting over a near-bankrupt Indian retailer, have made so much noise that its board has woken up super cranky.
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Amazon Says It Has 'Zero Tolerance for Corruption' Amidst Reports of Bribery-Related Charges
Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.
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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...
-
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.
-
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 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.
-
"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
-
Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
-
Now, Amazon Scores Over Future Retail In Major Court Decision: 10 Points
The Delhi High Court today dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon as illegal. Justice Amit Bansal of the Delhi High Court said the filings were dismissed, without giving any further details.
-
Future Retail Asks Delhi Court to Declare Singapore Arbitration Process With Amazon Illegal
Future Retail has petitioned a Delhi court to declare arbitration proceedings in Singapore with Amazon.com as illegal, arguing that India's antitrust agency had suspended a 2019 deal used by Amazon to assert rights over Future and stall its deal with Reliance.
-
After Scoring Big Win Over Amazon, A New Aggressive Move By Future Retail
India's Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country's antitrust agency had suspended a 2019 deal which Amazon used to assert its rights over Future.
-
Reliance-Future Deal: Amazon Asks India Antitrust Body to Revoke Approval
Amazon has asked the Competition Commission of India (CCI) to revoke clearance given to Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained".
-
Amazon Alleges $1.5 Billion Diverted From Future Retail Amid Dispute
Amazon.com Inc., which is trying to block India's richest man from taking over a struggling retail chain, fired a fresh salvo by alleging that money from the local firm was possibly diverted to other companies.
-
Opinion: We Didn't Know What We Signed With Amazon, Says Future's Board
Two of the world's richest men, fighting over a near-bankrupt Indian retailer, have made so much noise that its board has woken up super cranky.
-
Amazon Says It Has 'Zero Tolerance for Corruption' Amidst Reports of Bribery-Related Charges
Amid reports of Amazon probing bribery-related charges against some of its legal representatives in India, the US e-commerce giant said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.
