The court listed the matter for an additional hearing on April 30. New Delhi: On Monday, the Delhi High Court suspended a single judge’s order preventing Future Retail Ltd from going ahead with its 24,713 crore settlement with Reliance Retail to sell its business, which was challenged by the based …
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The ongoing digital transformation of corner kirana stores, tens of millions of stores serving 1.3 billion consumers, will be of great importance to everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the largest. country lender. It will also be important to Amazon.com Inc. boss …
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Two people directly familiar with Tuesday’s development at SIAC confirmed this. SIAC, on October 25, had approved a provisional order in favor of Amazon, preventing Future Group from continuing with the agreement. Amazon has also asked the Indian market regulator to prevent Future Group from merging six of its companies, …
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Armed with a Superior Court order, Future Group has told Amazon that it is not responsible for paying any compensation as there has been no breach of contract. In a letter addressed to the American e-commerce giant, Future said that it has not breached any contractual clause that was signed …
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Bengaluru : Flipkart has made key changes to its board of directors even as the Walmart Inc-owned e-commerce company prepares for an initial public offering (IPO) and days after its digital payments company PhonePe was spun off as a separate entity. Flipkart Group CEO Kalyan Krishnamurthy will join the board …
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The basis of Amazon’s complaint regarding the Reliance Retail deal was its previous deal with Future Coupons where it had veto power and if that is deemed illegal it is surely a setback for the e-commerce firm, legal observers contend. In a ruling in which both sides can claim some …
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the Delhi High Court has rejected Future retailRequest for an interim injunction against the global e-commerce giant Amazon. However, the order also said that a prima facie Future Retail resolution approving the Reliance deal was also valid. Amazon had sent Future Coupons a legal notice regarding Future Group’s ₹ 25,000 …
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Written by Pranav Mukul | New Delhi | Updated: December 21, 2020 5:23:31 pm After Future’s deal with Reliance, Amazon said the deal was a violation of a non-compete clause and a preemptive right pact it had signed with Future Group. On Monday, the Delhi High Court refused to grant …
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Future Retail Ltd (FRL) suffered a setback on Monday when the Delhi High Court refused to allow its request for an interim injunction to prevent Amazon Inc from writing to Indian statutory authorities objecting to FRL’s proposed sale of assets to the Reliance group. A single bank of Justice Mukta …
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In October, Amazon had won a court order to stop Future’s deal with Reliance from a Singaporean arbitrator. Highlight Future Group sold retail assets to Reliance Industries in August Amazon says the deal violated its agreements with Future in 2019 Future is credited with transforming India’s retail sector in recent …
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