Page 6 - Future Group

Amazon vs Future: SC sets aside HC orders, asks for fresh decision on merit

In a major relief to Future group, a bench headed by CJI also set aside Delhi HC's order of Feb 2 last year, by which it had directed FRL to maintain status quo in relation to the merger deal with RIL

Future-Amazon row: SC to pronounce verdict on Future's plea on Tuesday

The US firm, which has invested in FCPL, has been opposing the deal

FRL launches SC challenge against own lenders to avoid a defaulter tag

Earlier this month, Future Retail had said it had missed the due date for the payment of Rs 3,494.56 cr to banks and lenders as it could not sell assets due to its ongoing litigation with Amazon

Amazon's offer legally invalid, can't accept: FRL independent directors

Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital

Top headlines: RIL Q3 results, IDBI Bank sale after LIC IPO, and more

Reliance Industries Ltd on Friday reported a consolidated net profit of Rs 18,549 crore in the quarter ended December 2021

Future mulls Supreme Court bid to avoid being named a defaulter

Future told Indian exchanges this month it was unable to pay 35 billion rupees ($470 million) it owed to its lenders on Dec

Future-RIL deal: NCLAT agrees to hear Amazon's appeal against CCI

But the appellate tribunal has refused Amazon interim relief in plea against CCI order on Future deal.

Future Coupons deal: NCLAT to hear Amazon's plea against CCI order on Thurs

Amazon's petition is scheduled to be heard by a two-member bench comprising Justice M Venugopal and V P Singh of the Principal bench

Supreme Court reserves verdict on pleas of Future group companies

Amazon had dragged Future Group to arbitration at SIAC in October last year, arguing that FRL had violated their contract by entering into a deal with rival Reliance Retail

SC reserves order on allowing Future Group to proceed with Reliance deal

Senior advocate Harish Salve, representing FRL, submitted that company is in a precious financial situation due to pandemic, and if its deal is obstructed, then 30,000 employees may lose their jobs

Top headlines: Govt becomes Vi's largest shareholder; IPL gets new sponsor

Business Standard brings you the top headlines on Tuesday

How Amazon-Reliance battle for retail supremacy became a legal jungle

For more than a year, Amazon.com Inc 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

Amazon moves SC challenging HC stay on arbitration with Future: Report

According to sources familiar with the development, the special leave petition challenging the Delhi High Court order has been filed in the apex court

Top headlines: Amazon moves SC on Future case; Rajnath tests Covid positive

Business Standard beings you top headlines on Monday

Amazon challenges CCI's suspension of 2019 Future deal: Report

Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's suspension of a 2019 deal with Future Group

HC stay on Amazon-Future arbitration has created conflict of laws: Experts

They add that defeats the sole crux of the contractual arrangement and may dissuade foreign companies from entering Indian market

Future Group stocks bounce back; rally as much as 5.5% at close of trade

Shares of Future Group of companies bounced back and settled with as much as 5.5 per cent gains on Thursday, a day after the Delhi High Court stayed the Amazon-Future arbitration.

Future Group shares jump after court halts arbitration with Amazon

Shares in Future Group companies jumped on Thursday, a day after an Indian court halted arbitration proceedings between the conglomerate and estranged partner Amazon.com Inc.

SIAC terminates Jan 5-8 arbitration proceedings in Amazon-Future dispute

The tribunal is adjudicating Amazon's objections to Future Retail's Rs 24,500-crore deal with Reliance

Delhi HC stays SIAC arbitration proceedings in Amazon-Future case

Court stays Tuesday's single-judge order dismissing Future Group's petition