Refusing To Grant Interim Relief, NCLAT Admits The Amazon's Appeal Against CCI's Order
2 years, 11 months ago

Refusing To Grant Interim Relief, NCLAT Admits The Amazon's Appeal Against CCI's Order

Live Law  

The NCLAT Bench comprising of Justice M. Venugopal and Mr. V.P. refused to grant interim relief to Amazon against its plea challenging the order of the Competition Commission of India which suspended its deal with Future Coupons Pvt. Advocates with Mr. Pavan Bhushan, Ms. Ujwala Uppaluri, Ms. Hima Lawrence, Mr. Kaustubh Prakash, Mr. Vinay Tripathi, Ms. Bani Brar, Mr. Anand S. Pathak, Mr. Shashank Gautam, Mr. Amit Kumar Mishra, Ms. Sreemoyee Deb, Ms. Anubhuti Mishra, Mr. Rajat Moudgil, Mr. Reshabh Juneja, Mr. Mohit Singh, Mr. Shivam Pandey, Ms. Samridhi Hota, Mr. Vijay Purohit, Ms. Nikita Bangera, Mr. Chetan Chawla, Ms. Didon Misri, Mr. Saksham Dhingra, Mr. Aishvary Vikram Singh, Advocates. with Mr. Mahesh Agarwal, Mr. Rishi Agrawala, Mr. Samir Ali Khan, Mr. Raghav Shankar, Mr. Pranjit Bhattacharya, Ms. Rajshree Chaudhary, Advocates for R-2. Mr. Krishnan Venugopal, Sr. Adv and Mr. Saurabh Kirpal, Sr. Adv with Mr. Rajat Sehgal, Ms. Tanima Gaur, Advocates for R-3.

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History of this topic

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 1 week ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

NCLAT Chennai: Shareholders Cannot Take Decisions For The Company’s Business Or Hold Negotiations With Parties
1 year, 1 month ago

NCLAT Chennai: Shareholders Cannot Take Decisions For The Company’s Business Or Hold Negotiations With Parties

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench comprising of Justice M. Venugopal and Shreesha Merla has dismissed an appeal filed by Jitendra Virmani against Mro-Tek Realty Limited. The Appellate Tribunal held that the Board of Directors has the onus to take decisions for the Company’s business or negotiations with the parties concerned and not the shareholders of the company. …

Amazon Moves Supreme Court Challenging CCI's Decision To Revoke Approval For Deal With Future Coupons
2 years, 3 months ago

Amazon Moves Supreme Court Challenging CCI's Decision To Revoke Approval For Deal With Future Coupons

Live Law  

Amazon.com NV Investment Holdings LLC has approached the Supreme Court assailing the order of the National Company Law Appellate Tribunal, which rejected Amazon's plea challenging thedecision of Competition Commission of India to keep the approval granted to the e-commerce giant's deal with Future Coupons in abeyance. FCPL filed an application before the CCI under Sections 43A, 44 and 45 of …

NCLAT Endorses CCI's Penalty Order Against Amazon: A Setback For Amazon And A Leap In Jurisprudence
2 years, 5 months ago

NCLAT Endorses CCI's Penalty Order Against Amazon: A Setback For Amazon And A Leap In Jurisprudence

Live Law  

The National Company Law Appellate Tribunal vide its order dated June 13, 2022, has upheld the order of the Competition Commission of India against Amazon, where the CCI penalized the latter for giving false and misleading information in the notice and suppressing material facts relating to the actual scope and purpose of the acquisition of Future group companies. Subsequently, the …

Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application
2 years, 5 months ago

Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while adjudicating an intervention application filed by Amazon in Bank of India v Future Retail Ltd., has vide an order dated 27.06.2022 reserved the matter for orders on the intervention application. Brief introduction Future Retail Ltd. is the flagship company of the Kishore …

NCLAT rejects Amazon's appeal against CCI order suspending Future deal
2 years, 6 months ago

NCLAT rejects Amazon's appeal against CCI order suspending Future deal

The Hindu  

In a major setback to Amazon, the National Company Law Appellate Tribunal on June 13 rejected the U.S. e-commerce giant's appeal against an antitrust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval. It supported the CCI findings that Amazon didn't make full disclosures regarding the deal …

Reliance abandons plans to buy Indian retailer amid challenges
2 years, 7 months ago

Reliance abandons plans to buy Indian retailer amid challenges

Al Jazeera  

Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover. In a filing Saturday, Reliance Industries Ltd. said its proposal to acquire certain assets of Mumbai-based Future Group — which ran the nation’s biggest retail grocery chain before the pandemic struck — “cannot be implemented” after its flagship firm Future Retail Ltd. failed …

Amazon vs Reliance: Future of retail supremacy in India hangs in balance
2 years, 9 months ago

Amazon vs Reliance: Future of retail supremacy in India hangs in balance

India Today  

Amazon and Future group have been locked in a complex legal stand-off for more than a year now. AMAZON TO SUPREME COURT Amazon has apprehended the "disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A …

Amazon driving us to our knees, we're broke: Future Retail to Supreme Court
2 years, 9 months ago

Amazon driving us to our knees, we're broke: Future Retail to Supreme Court

India Today  

US e-commerce major Amazon told the Supreme Court on Tuesday that the talks with the Future Group to resolve the dispute over Future Retail's merger deal with Reliance Retail have failed and sought intervention to ensure that the stores of FRL are not taken over. The bench, also comprising justices A S Bopanna and Hima Kohli, is hearing Amazon's appeal …

'Can't Stop Reliance Taking Over Stores As We're Broke' : Future Retail Tells Supreme Court In Amazon's Case
2 years, 9 months ago

'Can't Stop Reliance Taking Over Stores As We're Broke' : Future Retail Tells Supreme Court In Amazon's Case

Live Law  

"We've been saying from day one that Amazon is driving us to our knees, they have done it, we're broke. Senior Advocate Harish Salve appearing for Future Retail Limited made the submission before a Bench comprising the Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli. The submission came in response to the contention put forth …

Delhi High Court Commences Hearing In Amazon - Future Dispute
2 years, 9 months ago

Delhi High Court Commences Hearing In Amazon - Future Dispute

Live Law  

The Delhi High Court on Monday commenced hearing in a bunch of pleas pertaining to disputes between Amazon and Future Group, over the latter's deal with Reliance Retail.A single judge bench comprising of Justice C Hari Shankar is hearing a batch of petitions and appeals listed pursuant to the judgment dated 1st February, 2022 passed by the Supreme Court in …

Future Retail-Reliance Merger: SC Allows Future Retail To Move HC To Seek Resumption Of NCLT Proceedings
2 years, 10 months ago

Future Retail-Reliance Merger: SC Allows Future Retail To Move HC To Seek Resumption Of NCLT Proceedings

ABP News  

New Delhi: In a crucial direction from the Supreme Court, Future Retail has been allowed to move Delhi High Court to seek permission for continuation of proceedings before the National Company Law Tribunal related to the sanction for its Rs 27,513-crore deal with Reliance Retail Ventures Ltd. A bench headed by Chief Justice N.V. Ramana and comprising Justices A S …

Approach HC to go ahead with NCLT proceedings: SC to FRL
2 years, 10 months ago

Approach HC to go ahead with NCLT proceedings: SC to FRL

Hindustan Times  

The Supreme Court on Tuesday asked Future Group to approach the Delhi high court with its plea seeking continuation of proceedings before the National Company Law Tribunal to get final approval for the proposed $3.4 billion sale of its retail assets to Reliance. The top court refrained from examining the rival contentions of Future and Amazon on the aspect of …

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay
2 years, 10 months ago

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay

The Hindu  

The Supreme Court on Wednesday decided to consider a plea by e-commerce giant Amazon against a Delhi High Court stay on proceedings before a Singapore arbitral tribunal against Future group's ₹ 24,500 crore proposed deal with Reliance. The Hindu podcast | The battle between Reliance and Amazon for the Future of Indian retail A three-judge Bench led by Chief Justice …

FRL-Reliance merger: Supreme Court notice to Future group on plea of Amazon
2 years, 10 months ago

FRL-Reliance merger: Supreme Court notice to Future group on plea of Amazon

Deccan Chronicle  

New Delhi: The Supreme Court Wednesday sought a response from the Future group on Amazon's plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance. The Delhi High Court on January 5 had stayed the Amazon-Future arbitration which is going on …

Lenders to Future Retail call for its assets to be put up for auction
2 years, 10 months ago

Lenders to Future Retail call for its assets to be put up for auction

Live Mint  

Lenders to Future Retail, the company being fought over by Reliance Industries and Amazon.com Inc, have told India's Supreme Court that its assets should be put up for auction after it missed payments. "Let it be subjected to an open bid.This is the only solution," Rakesh Dwivedi, a lawyer acting for 30 or so of Future's lenders, told the Supreme …

HC junks Future’s plea on arbitration with Amazon
2 years, 11 months ago

HC junks Future’s plea on arbitration with Amazon

The Hindu  

The Delhi High Court on Tuesday dismissed pleas by Future Group companies to direct the arbitration tribunal adjudicating on Amazon’s objections against their deal with Reliance, to decide on their termination applications first before continuing with the arbitration proceedings. Justice Amit Bansal noted the grievance of the Future Group was that in terms of the December 2021 orders of the …

Amazon challenges ED probe into 2019 deal with Future Group
3 years ago

Amazon challenges ED probe into 2019 deal with Future Group

India Today  

Amazon.com Inc is set to take the Enforcement Directorate to court over an ongoing investigation related to the US e-commerce giant’s 2019 deal with Future Group. On Wednesday, Amazon approached the Delhi High Court with an appeal to quash the ED investigation related to its $200 million investment in Future Coupons Private Limited. In the court filing, Amazon has called …

CCI slaps ₹200 crore fine on Amazon, freezes Future deal
3 years ago

CCI slaps ₹200 crore fine on Amazon, freezes Future deal

The Hindu  

The Competition Commission of India on Friday froze its approval given in November 2019 to Amazon’s investment in a Future Group unit on the grounds that the U.S. e-commerce company had suppressed the scope and full details of its investment while seeking regulatory approval. The CCI decision further roils the legal landscape as Amazon seeks to block the Future Group’s …

Amazon-Future Deal: CCI Suspends 2019 Future Coupon Nod, Imposes Rs 200 Cr Penalty on US Retailer
3 years ago

Amazon-Future Deal: CCI Suspends 2019 Future Coupon Nod, Imposes Rs 200 Cr Penalty on US Retailer

News 18  

The Competition Commission of India on Friday suspended Amazon’s 2019 deal with Future Group, a unit of Future Retail Ltd. CCI had mentioned in its order, “it necessary to examine the combination afresh.” “In exercise of the powers conferred under sub-section of Section 45 of the Act, the Commission hereby directs Amazon to give notice in Form II within a …

ED summons top management of Amazon and FCPL over their 2019 deal
3 years ago

ED summons top management of Amazon and FCPL over their 2019 deal

Op India  

The Enforcement Directorate has summoned the top management of Amazon Inc. and Future Coupons Pvt Ltd. for questioning and verification of documents in connection with their August 2019 deal. Amazon founded by Jeff Bezos has been opposing the proposed Rs 24,700 sale of assets of Future Retail to Mukesh Ambani led Reliance Industries Ltd, alleging breach of control. Amazon contested …

Amazon asks CCI to revoke Reliance-Future deal approval
3 years ago

Amazon asks CCI to revoke Reliance-Future deal approval

Live Mint  

Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows. The battle between two of the world's richest men, Amazon founder Jeff Bezos and Reliance Industries Ltd boss Mukesh Ambani, marks a …

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report
3 years ago

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report

India Today  

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed. The Competition Commission of India in June accused Amazon of concealing facts and making false submissions when it sought approval for the …

Reliance Gets NCLT Permission to Seek Creditors’ Nod for Proposed Future-Retail Deal
3 years, 2 months ago

Reliance Gets NCLT Permission to Seek Creditors’ Nod for Proposed Future-Retail Deal

News 18  

The Mumbai Bench of the National Company Law Tribunal on October 18 allowed Reliance to go ahead with seeking creditors’ nod, CNBC-TV18 reported. Reliance Retail, the retail arm of oil-to-telecom conglomerate Reliance Industries, had moved the NCLT and sought permission to proceed with seeking creditors’ nod for reorganising companies in lieu of the proposed Future-Retail Deal. Last month, on September …

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report
3 years, 3 months ago

Amazon spends Rs 8,546 cr in legal expenses during 2018-20 to maintain presence in India: Report

Firstpost  

Amazon is locked in a legal tussle over the takeover of Future Group and is facing a probe by the Competition Commission of India. US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in …

SC stays proceedings in Future Group, Amazon dispute
3 years, 3 months ago

SC stays proceedings in Future Group, Amazon dispute

The Hindu  

The Supreme Court on Thursday stayed proceedings in the dispute between Future Group and e-commerce giant Amazon over a nearly ₹25,000-crore merger deal with Reliance Retail, taking into consideration the “balance of interests of both parties”. The stay order and subsequent freeze on any action by statutory authorities for the next four weeks comes as a relief for the Future …

Future-RIL deal: Amazon flags Supreme Court’s ruling to SEBI
3 years, 3 months ago

Future-RIL deal: Amazon flags Supreme Court’s ruling to SEBI

The Hindu  

Amazon has written to SEBI requesting the regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed ₹24,713-crore Future-Reliance deal. The U.S. e-commerce giant has also urged SEBI to take necessary action to comply with the recent Supreme Court judgment related to the deal. “In light of the directions contained in the Enforcement …

Amazon-FRL Dispute : Future Coupons Move Supreme Court Against Delhi HC Single Bench Order Attaching Assets
3 years, 4 months ago

Amazon-FRL Dispute : Future Coupons Move Supreme Court Against Delhi HC Single Bench Order Attaching Assets

Live Law  

After a setback, Future Group firm Future Coupons Private Ltd moved the Supreme Court on August 12, seeking a stay against the order passed by the single bench of the Delhi High Court that directed attachment of assets of Future Coupons, Future Retail, Future Group Promote Kishore Biyani's assets and issued a show-cause notice for Civil Arrest of Biyani and …

Supreme Court Rules In Favour Of Amazon In Case Against Future Retail.
3 years, 4 months ago

Supreme Court Rules In Favour Of Amazon In Case Against Future Retail.

Live Law  

The Supreme Court on Friday ruled in favour of e-commerce giant Amazon in its dispute with Future Retail Limited over the latter's merger deal with Reliance group. "We declare that full party autonomy is given by the Arbitration Act to have a dispute decided in accordance with institutional rules which can include Emergency Arbitrators delivering interim orders, described as "awards". …

CCI enquiry against Amazon, Flipkart cannot be crushed at initial stage: Karnataka HC
3 years, 5 months ago

CCI enquiry against Amazon, Flipkart cannot be crushed at initial stage: Karnataka HC

The Hindu  

E-commerce majors Amazon and Flipkart have lost their legal battle in the High Court of Karnataka as even a division bench has upheld the Competition Commission of India’s decision to conduct an investigation through its Director General into whether they had entered into anti-competitive agreements in violation of the provisions of the Competition Act 2002. Observing that the enquiry initiated …

Supreme Court To Hear Amazon-Future-Reliance Case On July 20
3 years, 5 months ago

Supreme Court To Hear Amazon-Future-Reliance Case On July 20

Live Law  

The Supreme Court on Thursday adjourned to July 20th the hearing of the petition filed by Amazon challenging an order dated March 22 passed by a Division Bench of the Delhi High Court staying a single-judge order which had upheld the Emergency Award passed by a Singapore Tribunal halting the Reliance-Future deal. Mr Salve further suggested that the Bench may …

Breaking: Future-Amazon Case :Delhi High Court Stays Single Bench Order Upholding Emergency Award
3 years, 9 months ago

Breaking: Future-Amazon Case :Delhi High Court Stays Single Bench Order Upholding Emergency Award

Live Law  

A division bench of Chief Justice DN Patel and Justice Jasmeet Singh of the Delhi High Court today stayed the operation of a Single-Judge bench order which had upheld an Emergency Award by a Singapore Tribunal against the contested Reliance-Future Retail Ltd retail stake sale deal worth nearly Rs.25,000 cr. Senior Advocate Harish Salve appeared for Future Retail Ltd and …

Future -Amazon Case : FRL Appeals To Delhi High Court DB Against Single Bench Order Upholding Emergency Award
3 years, 9 months ago

Future -Amazon Case : FRL Appeals To Delhi High Court DB Against Single Bench Order Upholding Emergency Award

Live Law  

Challenging the Single-Judge bench order of the Delhi High Court upholding an award by a Singapore Tribunal against the contested Reliance-Future Retail Ltd stake sale deal worth nearly Rs.25,000 cr, the Future Group companies have moved the Delhi High Court in appeal. A single judge bench of Justice Midha of the Delhi High Court had earlier allowed the application field …

Top India court halt’s tycoon Mukesh Ambani’s retail deal: Report
3 years, 10 months ago

Top India court halt’s tycoon Mukesh Ambani’s retail deal: Report

Al Jazeera  

The verdict is a win for Amazon which says Future Group’s sale to Ambani’s Reliance Industries violates its contract. India’s Supreme Court has barred a final ruling by a tribunal reviewing Future Group’s $3.4bn sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc, the Reuters news agency reported citing three unidentified sources. US retail …

Advantage Future Group as HC lifts stay on Reliance deal
3 years, 10 months ago

Advantage Future Group as HC lifts stay on Reliance deal

Hindustan Times  

The Delhi high court on Monday allowed Kishore Biyani’s Future Retail Ltd to pursue its planned $3.4 billion sale of retail assets to Reliance Industries Ltd, ruling that US online retailer Amazon.com Inc. had prima facie no reason to stall the deal. A bench of Chief Justice DN Patel and Justice Jyoti Singh stayed a February 2 order by a …

Future Retails v Amazon : Delhi High Court Stays Single Bench's Status Quo Order On Reliance Deal
3 years, 10 months ago

Future Retails v Amazon : Delhi High Court Stays Single Bench's Status Quo Order On Reliance Deal

Live Law  

The Delhi High Court on Monday today stayed the implementation of its own order passed by the Single Judge bench of Justice Midha, which had directed status quo order on the Future - Reliance retail stake sale deal of nearly Rs. Passed by the Division Bench of Chief Justice DN Patel and Justice Jyoti Singh, the order notes that Future …

Future Group challenges Delhi High Court order
3 years, 10 months ago

Future Group challenges Delhi High Court order

Hindustan Times  

Kishore Biyani-led Future Retail Limited on Wednesday filed an appeal before a division bench in the Delhi High Court against the ‘status quo’ order on a $3.4 billion deal for the sale of its retail assets to Reliance Industries Ltd. However, opposing the urgent mentioning, senior advocate Rajiv Nayyar for Amazon told the court that procedure should be followed. In …

Amazon-Future tussle: Here's all you need to know
3 years, 10 months ago

Amazon-Future tussle: Here's all you need to know

Hindustan Times  

India's retail giant Kishore Biyani's Future Retail is stuck in a long-standing tussle with the US tech giant Amazon. Amazon has been blocking a deal worth $3.4 billion between Future Group and Reliance Retail alleging that the transaction between the two Indian majors violates the terms of its earlier contract with Future. > Amid the unprecedented challenges of Covid-19, Future …

Future Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal
3 years, 10 months ago

Future Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal

India TV News  

Future Retail Ltd on Wednesday said it has filed an appeal in the Delhi High Court against the status quo order on its Rs 24,713-crore deal with Reliance. On Tuesday, a Delhi High Court bench of Justice J R Midha had directed FRL to maintain status quo in relation to its Rs 24,713-crore deal with Reliance Retail that has been …

Setback for Future Group as Delhi HC halts RIL deal
3 years, 10 months ago

Setback for Future Group as Delhi HC halts RIL deal

Hindustan Times  

The Delhi high court on Tuesday put the brakes on Future Retail Ltd’s $3.4 billion sale of its retail assets to Reliance Industries Ltd, acting on a petition by Amazon.com Inc, which has alleged that the deal was in violation of its own contract with Future. In an interim order, the court directed Future Retail to maintain status quo on …

Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries
3 years, 10 months ago

Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries

Firstpost  

Future Retail moved an appeal to the National Company Law Tribunal requesting clearance for its arrangement with Reliance, the company’s legal representatives told the high court in Delhi. Last week, stock exchanges cleared Future’s deal with Reliance, but according to Indian law, another crucial approval is necessary from the National Company Law Tribunal. The legal battle ensuing between the companies …

HC issues notice on Amazon’s petition
3 years, 11 months ago

HC issues notice on Amazon’s petition

Live Mint  

The Delhi high court on Wednesday issued notices to Future Retail Ltd and others on Amazon.com Inc.’s appeal against a single-judge order that left it to regulators to decide on Future group’s asset sale to Reliance Industries Ltd but allowed the US retailer to oppose the deal. The court’s 21 December ruling prima facie upheld Future Retail’s board resolution approving …

RIL-Future Deal: Delhi HC Issues Notice Seeking Biyanis' & Reliance's Response In Amazon's Appeal
3 years, 11 months ago

RIL-Future Deal: Delhi HC Issues Notice Seeking Biyanis' & Reliance's Response In Amazon's Appeal

ABP News  

The Delhi court on Wednesday issued notice to Kishore Biyani-led Future Retail Ltd and Reliance Retail seeking response in Amazon's plea challenging the prima facie observations by a single judge that the American e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules.A Division Bench of Chief Justice DN Patel and Justice Jyoti Singh heard …

Delhi high court notice to parties in Amazon case against Future-Reliance deal
3 years, 11 months ago

Delhi high court notice to parties in Amazon case against Future-Reliance deal

Live Mint  

NEW DELHI The Delhi High court on Wednesday issued notice to Future Retail and other respondents in Amazon’s appeal against the 21 December single-judge bench order that had upheld the Kishore Biyani company’s proposed merger with Reliance Retail Ventures. The single-judge benchhad prima facie held that the interim award by Singapore International Arbitration Centre in favour of Amazon was legal, …

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
4 years ago

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End

News 18  

Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim …

Amazon Vs Future Retails- Delhi High Court Rejects Future Retails's Plea For Interim Injunction Against Amazon-Read Order
4 years ago

Amazon Vs Future Retails- Delhi High Court Rejects Future Retails's Plea For Interim Injunction Against Amazon-Read Order

Live Law  

Future Retail Ltd suffered a set back on Monday as the Delhi High Court refused to allow its plea for interim injunction to restrain Amazon Inc from writing to Indian statutory authorities objecting to FRL's proposed asset sale to Reliance group.A single bench of Justice Mukta Gupta refused to grant any interim reliefs on FRL's plea it to direct Amazon …

Post-CCI nod, Reliance Industries, Future Group stocks see strong demand
4 years, 1 month ago

Post-CCI nod, Reliance Industries, Future Group stocks see strong demand

Live Mint  

Shares of Reliance Industries jumped up to 4 per cent on Monday after the Competition Commission approved the company's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. Besides, Future Retail zoomed 9.95 per cent to ₹79 -- its upper circuit limit, Future Lifestyle Fashions gained 9.99 per cent to ₹90.30 and Future Enterprises Ltd shares rose …

RIL-Future Retail deal gets CCI okay
4 years, 1 month ago

RIL-Future Retail deal gets CCI okay

Live Mint  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. “Commission approves acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle,” CCI said …

CCI approves RIL, Future Retail deal
4 years, 1 month ago

CCI approves RIL, Future Retail deal

Hindustan Times  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. The debt-ridden Future Group had agreed to sell various assets of Future Retail to Reliance for ₹24,713 crore in August. “Commission approves acquisition of retail, …

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