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RIL Says Future Deal Can't be Implemented After Secured Creditors Voted Against it
2 years, 8 months ago

RIL Says Future Deal Can't be Implemented After Secured Creditors Voted Against it

News 18  

Reliance Industries Limited on Saturday announced that its arrangement with Future Group for the latter’s transfer of its retail, wholesale, logistics and warehouse assets for a consideration of Rs 24,713 crore to Reliance Retail Ventures Limited cannot be implemented, after the secured creditors of the entities that comprise the Kishore Biyani-led group voted against the deal. Unsecured creditors and shareholders …

Future Deal Scheme Voted Creditors Ril Secured
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 …

Future Court Amazon Bench Stay Reliance Frl
Future v. Amazon: Delhi High Court Refuses To Stay Singapore Based Tribunal's Order Halting Reliance Deal
3 years, 1 month ago

Future v. Amazon: Delhi High Court Refuses To Stay Singapore Based Tribunal's Order Halting Reliance Deal

Live Law  

The Delhi High Court on Friday rejected the plea filed by Future Group seeking an ad interim stay on the order passed by a Singapore based Arbitration Tribunal, refusing to interfere with the Emergency Award restraining it to continue with the Reliance deal.The Singapore International Arbitration Centre last week had rejected Future Group's plea to vacate the interim stay on …

Singapore Future Emergency Court Delhi High Court Order Tribunal
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 …

India Retail Future Emergency Court Amazon Order
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 …

Future Court Order Group Bench Single Frl
Supreme Court Weekly Round Up, August 2 To August 8, 2021
3 years, 4 months ago

Supreme Court Weekly Round Up, August 2 To August 8, 2021

Live Law  

Emergency Arbitration Award Enforceable In Indian Law : Supreme Court Rules In Favour Of Amazon In Case Against Future RetailCase: Amazon.com NV Investment Holdings LLC vs. Future Retail Limited ; CA 4492-4493 OF 2021Citation: LL 2021 SC 357The Supreme Court this week ruled in favour of e-commerce giant Amazon in its dispute with Future Retail Limited over. Emergency Arbitration Award …

India Delhi Supreme Court Court Gujarat Indian Indian Law
Supreme Court backs Amazon plea against Future-Reliance merger plan
3 years, 4 months ago

Supreme Court backs Amazon plea against Future-Reliance merger plan

The Hindu  

The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited and Reliance Retail. Justice Nariman recorded that the Mukesh Dhirubhai Ambani Group, which owns Reliance Retail, was among the “restricted persons” or “prohibited entities” with whom FRL, Future Coupons Private Limited and the Biyanis could not “deal”. The …

Retail Supreme Court Arbitration Court Order Judge Nariman
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". …

Singapore Retail Supreme Court Arbitration Future Emergency Amazon
Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future
3 years, 9 months ago

Delhi High Court Upholds Emergency Award Passed In Favour Of Amazon Against Future-Reliance Deal, Imposes Rs 20 Lakhs Cost On Future

Live Law  

The Delhi High Court on Thursday allowed the application field by Amazon to enforce the emergency award against the Future-Reliance deal.The High Court held that the emergency arbitrator is an arbitrator for all the intents and purposes under Section 17 of Arbitration and Conciliation Act and an order passed by such an emergency arbitrator is enforceable under sec. The Delhi …

Future Emergency Court Civil Procedure Order High Group
Amazon Vs Future: Supreme Court Issues Notice, Allows To Continue Proceedings Before NCLT, Bars Sanction Of Scheme
3 years, 10 months ago

Amazon Vs Future: Supreme Court Issues Notice, Allows To Continue Proceedings Before NCLT, Bars Sanction Of Scheme

Live Law  

The Supreme Court on Monday issued notice in the plea by Amazon challenging Delhi High Court's stay on 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. 25,000 crore approved by a Board Resolution of FRL …

Appeal Future Court Order Status High Nclt