Lenders vote against Future Group's proposed deal with Reliance
Apr 23, 2022, at 04:21 pm
Future Group's plan to sell its retail and wholesale assets to Reliance Retail failed after the majority of the lenders of the flagship Future Retail Ltd (FRL) voted against such a takeover by Reliance, media reports said.
Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders
Jan 23, 2022, at 06:55 am
Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.
Amazon files fresh law suits in dispute with Future group: Report
Jan 10, 2022, at 03:36 am
New Delhi/IBNS: Amazon has approached the courts challenging the recent decisions in its protracted legal dispute with Kishore Biyani-led Future Group after the Competition Commission of India suspended a 2019 deal between the two sides, leading to a halt in their arbitration, Reuters reported on Sunday citing sources.
Big relief for Future Group as SC stays seizure of assets
Sep 09, 2021, at 08:52 pm
New Delhi/IBNS: In a big relief to Future Group, the Supreme Court has halted the seizure of Future Coupons, Future Retail and Future Group owned by Kishore Biyani.
Aug 06, 2021, at 09:19 pm
New Delhi/IBNS: The Supreme Court on Friday ruled that Reliance Retail and Future Retail cannot go ahead with their Rs 24,713 crore deal, in a boost to US-based e-commerce giant Amazon.
Mar 22, 2021, at 09:31 pm
New Delhi/IBNS: The Delhi High Court on Monday 'stayed' the March 18 order of Delhi High Court's single-judge bench that restrained Future Retail Ltd's (FRL) Rs 24,713 crore deal with Reliance Retail, which was objected to by US-based e-commerce giant Amazon, media reports said.