The Delhi High Court stayed a single judge's order restraining Future Retail from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by Amazon
The world's largest retailer is permeating the complex tapestry of the only billion-people-plus market open to it
The Delhi High Court Thursday upheld the Singapore Emergency Arbitrator's (EA) order
Reliance Industries' stock: Among 36 analysts' recommendations on Bloomberg, 24 recommend buying the stock
Aditya Birla Fashion, which has acquired Sabyasachi, Tarun Tahiliani, and Shantanu & Nikhil brands in recent transactions, proposes to take these names to a wider audience
Traders' body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to 'back off' from blocking the Reliance-Future Group deal
A bench comprising Justices R F Nariman and B R Gavai issued notices to Future Retail Ltd, Chairperson Kishore Biyani and others and sought their replies
Amazon had last week filed the application before the Mumbai-bench of the NCLT
A New Delhi court this week dealt a blow to the U.S. firm by revoking a previous court decision that effectively blocked the deal
The e-commerce giant has contended that the Division Bench order is illegal, and arbitrary apart from being without jurisdiction
Future Group is caught in the middle of this tussle between companies helmed by two of the world's richest men
The keenly watched case may set an important legal precedent for investors on whether emergency decisions by foreign arbitrators are valid in India
Court notes that Future Retail wasn't party to arbitration agreement with Amazon and prima facie "group of companies" doctrine can't be invoked in this case
The court also issued notice to Amazon and sought its stand on FRL's appeal by February 26
Future Retail said Sebi's one-year ban on its Chairperson Kishore Biyani from the securities market will have 'no impact' on the deal with Reliance
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi High Court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor
Shares of Future Retail on Wednesday declined 5 per cent amid concerns related to the deal with Reliance Retail.
Future Retail said the Company will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.
Following the Tuesday directive, FRL had said it would explore legal recourse
An Indian court blocked Future Group's sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the deal