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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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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The Delhi High Court refused on Monday to grant Kishore Biyani’s petition led Future Retail Ltd (FRL) for an interim injunction preventing Amazon from writing to SEBI, CCI and other authorities about the arbitration order against the asset sale. The court had reserved its verdict for today November 20. On …
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The lawyer for Future Retail Limited (FRL) told the Delhi High Court on Thursday that due to Reliance’s investment, Future’s creditors worth Rs 18 billion are being protected. The lawyer maintained that they are all Indians and claimed that Amazon does not care. The Delhi High Court is hearing Future …
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NEW DELHI Future Retail Ltd (FRL) on Thursday, while arguing in the Delhi High Court, submitted that Amazon is misrepresenting its legal rights and should not be allowed to ruin its business transaction with the retail arm of Reliance. Lead attorney Harish Salve appearing for FRL said the e-commerce giant …
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Kishore Biyani’s flagship company Future Retail Ltd (FRL) reported a consolidated net loss of Rs 692.36 crore for the September quarter on Friday as the disruption from the coronavirus pandemic took its toll. The company had posted a net profit of Rs 165.08 crore in the same quarter last fiscal …
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The legal battle between Future Group and Amazon.com Inc. over the ₹The 24,713 crore settlement with Reliance Industries Ltd (RIL) is growing like a snowball, with the two litigants adopting the dual strategy of taking the case in the Indian courts and the Singapore arbitration court. While Kishore Biyani’s Future …
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Amazon.com has asked the country’s market regulator to investigate Future Retail for insider trading, it showed a letter seen by Reuters, as it seeks to prevent its business partner from becoming part of rival empire Reliance. The firm has been lobbying the Securities and Exchange Board of India (Sebi) to …
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Future Retail on Saturday approached the Delhi High Court seeking redress against SIAC’s suspension order in ₹24,713 cr-deal with Reliance Industries. Firm Future Group has claimed that Amazon is “misusing” the interim order approved by an emergency arbitrator at the Singapore International Arbitration Center (SIAC) on October 25, 2020. “Please …
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India’s Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singaporean arbitrator while arguing against Amazon.com Inc’s offer to spoil the deal, showed an order legal seen by Reuters. Amazon won a court order from a Singaporean …
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