Amazon future group row

Future Group, Future Group news, Future Group latest, Future Group case, retail deal, Amazon, Delhi High Court

Future Group moves Delhi High Court on dismissal of its termination application by SIAC

Amazon had acquired a 49% stake in FCPL in 2019 which was approved by CCI but later on a complaint…

October 21, 2022 05:15 IST

Earlier on June 27, following the completion of hearings, the National Company Law Tribunal’s (NCLT) Mumbai bench had reserved its order. On its part, Amazon had filed an interlocutory application asking the tribunal to reject the petition.

Future Retail directors’ letter only to create confusion, says Amazon

“It is obvious that the letter from FRL’s independent directors was issued with the sole motive to obfuscate issues that…

July 7, 2022 06:10 IST

Amazon case: SIAC turns down Future plea

Dismissing the termination applications, the tribunal said the continuation of the proceedings has not been rendered unnecessary.

June 29, 2022 08:15 IST

Amazon-Future Coupons deal: NCLAT upholds CCI order, directs e-commerce giant to deposit Rs 202 cr penalty

Despite the setback to Amazon, the order has no immediate implication on the Reliance Retail-Future Retail (FRL) deal, which has…

Updated: June 13, 2022 18:54 IST

Transfer of stores to Reliance Retail: Amazon accuses Future directors of foul play

E-commerce major seeks investigation by regulators

May 23, 2022 04:45 IST

NCLT Mumbai bench, which is hearing the insolvency petition filed by BoI, will hear Amazon's arguments at its next date on June 6. On Thursday, the NCLT asked FRL to file its reply to BoI’s insolvency petition, before the next hearing date.

Amazon appeals not to admit bankruptcy proceedings against Future Retail

Alleging that the banks have colluded with FRL with “mala fide” intentions, Amazon, in its petition said this was primarily…

May 13, 2022 00:15 IST

Three Future Group firms’ total borrowings at Rs 6,475 crore

As of March 31, FRL had a total outstanding of Rs 4,876.88 crore, while that of FLFL was at Rs…

April 30, 2022 06:15 IST

NCLT gives Future Retail time till May 12 to file reply on insolvency plea

During the hearing, Gaurav Joshi, representing FRL, requested the tribunal for more time to file the reply to the petition.

April 28, 2022 17:49 IST

The letter signed by a representative of Amazon.com NV Investment Holdings LLC asked the Biyani group to strictly abide by the injunctions granted by the Emergency Arbitrator and "ensure that no further steps are taken to proceed" with the transaction.

Amazon warns Future Retail against holding meetings to approve assets sale to Reliance

Reliance in late February quietly began taking over the rental leases of hundreds of stores once run by Future Retail…

April 13, 2022 18:49 IST

FRL had subsequently argued that since Amazon had based its first right of refusal over any asset sale by it on this acquisition, the arbitration becomes null and void.

Amazon-Future Group row: Arbitration to begin at Singapore International Arbitration Centre soon

“I hope we don’t have to hear this case again,” the CJI said in a lighter vein at the close…

April 7, 2022 00:45 IST

Amazon-Future dispute: SC orders resumption of arbitration over FRL merger with Reliance Retail industry

A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent…

April 6, 2022 13:09 IST

Amazon-Future row: Stop Future Retail from transferring assets, Amazon tells Delhi High Court

The HC has asked FRL and other parties to file their response to the enforcement petition and the fresh affidavit…

April 6, 2022 03:15 IST

The tribunal had earlier directed status quo on the matter, which Amazon has alleged has been violated by Future and Reliance Retail. (File)

Supreme Court asks Amazon, Future to file consent terms for resuming arbitration before Singapore tribunal

The apex court also asked Amazon and Future to inform in the next hearing on Wednesday, about the developments in…

April 5, 2022 01:15 IST

Amazon-Future dispute: SC to hear US e-commerce major on restraining alienation of FRL’s assets on Monday

The bench had taken note of the submissions of both sides, Amazon and Future Group, that they have no objection…

April 3, 2022 20:27 IST

"Besides, we are running the remaining 374 stores on a wing and a prayer…” Salve added.

For Rs 1,400 crore, Amazon has destroyed a Rs 26,000-crore company: Future to SC

Amazon has been successful in what it wanted to do…We are hanging by a thread. No one wants to do…

April 2, 2022 01:15 IST

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL’s assets

A bench headed by Chief Justice N V Ramana, which has now posted the plea of US e-commerce major for…

April 1, 2022 19:34 IST

The March 8 letter, seen by Reuters, reveals for the first time Reliance's stance on the events of the night of Feb. 25, when staff suddenly showed up at many of its rival's stores to take control over missed lease payments.

Reliance defends takeover of debt-laden rival Future stores in letter

The takeover was part of the race to dominate a $900-billion retail sector that set off a bitter dispute in…

March 31, 2022 17:22 IST

CCI defends its December order on Amazon-Future deal

“In stark contrast to internal correspondence of Amazon, the disclosures did not indicate a possibility of the combination being pursued…

March 25, 2022 03:20 IST

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