'Singapore and India are also collaborating closely in mediation', said Shanmugam
NCLT allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail
Will seek shareholder approval to sell assets to Reliance Retail
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Three judge-bench led by CJI asks NCLT, CCI and Sebi not to pass any final order in relation to the dispute for four weeks
Future Retail Ltd Friday sought an early hearing in the Supreme Court on its fresh appeal against a recent Delhi High Court order
In January this year, the market regulator had given a go-ahead for Future Group's scheme of arrangement and sale of assets to Reliance
Future group promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court
Group's financial metrics may deteriorate further in June quarter due to second wave
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Future Supply Chain Solutions Ltd on Tuesday reported narrowing of its net loss to Rs 42.60 crore for the first quarter ended June 2021
The case centres around Amazon challenging Future's merger deal with Reliance Retail
Financials fall due to Covid lockdowns, group posts Rs 5,943 cr loss on Rs 11, 723 cr sales
Retail entity's cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under strain
Reliance Retail, despite the pandemic, hit revenues of Rs 157,629 crore in FY21. The Future group's revenues are merely 7 per cent of this, compared to around 18 per cent in FY20
Future Group stocks were locked in their respective lower circuit bands, triggering bearish moves in the counters
The Court said that an order by a Singapore arbitrator in October which put the deal on hold after finding merit in Amazon's objections was valid
US-based e-commerce giant Amazon.com NV Investment Holdings LLC, and FRL are embroiled in a bitter legal fight over FRL's Rs 24,713-cr merger deal with Reliance Retail
Senior advocate Gopal Subramanian, appearing for the e-commerce giant, said he had no problem if the hearing on the appeals was adjourned by a week
Total expenses were at Rs 500.06 crore, down 52.5 per cent in the last quarter of 2020-21 against Rs 1,051.87 crore in the year-ago period