Earlier in the day, the apex court had allowed the NCLT, Mumbai to continue with the proceedings but asked not to pass a final order on the amalgamation of Future Retail Ltd (FRL) with Reliance Retail, as it agreed to hear Am
The manufacturing line, a first for the e-commerce major in the country, will be able to produce “hundreds of thousands” of Fire TV Stick devices every year, catering to the demand of Indian customers, the company said in
The company also mentioned that an interest obligation of Rs 13.89 crore, due on NCDs upto November 15, 2020, remains unpaid. Future Consumer had issued debt securities — NCDs with a tenure of seven years — worth Rs 200 c
FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 e
It alleged grave and material breach of binding agreements committed by the Future Group, particularly on account of the proposed transaction relating to transfer of retail assets of Future Retail to the Mukesh Ambani group.