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NCLT Orders Liquidation Of Future Retail
4 months, 3 weeks ago

NCLT Orders Liquidation Of Future Retail

Live Law  

The National Company Law Tribunal Mumbai bench ordered the liquidation of Future Retail Limited marking the end of the company's long-standing presence in India's retail market. The decision was made by a bench comprising Judicial Member Kuldip Kumar Kareer and Technical Member Anil Raj Chellan who held that the corporate insolvency resolution process exceeded its maximum permissible period without any …

Retail Future Resolution Plan Nclt Coc Cirp
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 …

Future Amazon Competition Order Tribunal Notice Deal
NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea
2 years, 7 months ago

NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while hearing a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, titled Bank of India v Future Retail Ltd., has granted time to Future Retail Ltd. for filing a reply to the petition. Future Retail Ltd. is the flagship …

India Future Bank Nclt Deal Petition Petitioner
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
Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL
2 years, 8 months ago

Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL

ABP News  

New Delhi: The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and …

Retail Arbitration Future Court Amazon Order Tribunal
Supreme Court Disposes Amazon-Future Case As Parties Agree To Resume Singapore Arbitration Proceedings
2 years, 8 months ago

Supreme Court Disposes Amazon-Future Case As Parties Agree To Resume Singapore Arbitration Proceedings

Live Law  

The Supreme Court on Wednesday recorded the agreement between Amazon and Future Group to approach the Singapore Arbitration Tribunal to resume the arbitration proceedings on an understanding that the Tribunal will on priority hear Future Retail Ltd's application seeking termination of the arbitration proceedings instituted by Amazon against the FRL's merger with Reliance Group. Based on the agreement by parties …

Supreme Court Arbitration Future Court Amazon Parties Application
Amazon & Future Retail Agree In Supreme Court To Appear Before Singapore Arbitration Tribunal
2 years, 8 months ago

Amazon & Future Retail Agree In Supreme Court To Appear Before Singapore Arbitration Tribunal

Live Law  

Amazon and Future Retail Ltd on Monday expressed their agreement before the Supreme Court to appear before the Singapore Arbitration Tribunal. The development happened in the special leave petition filed by Amazon challenging the Delhi High Court's order which stayed the arbitration proceedings on a challenge made by FRL. Background: The Apex Court was hearing a special leave petition filed …

Supreme Court Court Amazon Parties Order Tribunal Proceedings
Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court
2 years, 8 months ago

Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court

Live Law  

Seeking orders to restrain Future Retail Limited from alienating its assets, e-commerce giant Amazon submitted before the Supreme Court that the FRL was acting in collusion with Reliance so to let the latter take over the former's stores in violation of the injunction orders. Amazon's Notice: Amazon has also issued a public notice alleging that Future Group is on the …

Retail Supreme Court Court Amazon Assets Order Tribunal
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 …

India Retail Supreme Court Future Amazon Reliance Reliance Retail
Amazon urges SC to halt RIL takeover of FRL stores
2 years, 9 months ago

Amazon urges SC to halt RIL takeover of FRL stores

Hindustan Times  

Talks between Amazon and the Future Group aimed at resolving their long-running legal battle over the latter’s proposed $3.4 billion sale of retail assets to Reliance Industries have failed, lawyers for the companies informed the Supreme Court on Tuesday. The bench then asked Harish Salve and Mukul Rohatgi, who appeared for FRL, if the attempt by Future is to make …

Future Court Amazon Proceedings Bench Stores Reliance
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 …

Retail Arbitration Future Court Amazon High Group
'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 …

Retail Future Court Amazon Assets Tribunal Nclt
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 …

Delhi Future Court Amazon Order Hearing High
Reliance takes control of around 200 Future Retail stores, offers jobs to employees
2 years, 9 months ago

Reliance takes control of around 200 Future Retail stores, offers jobs to employees

The Hindu  

Billionaire Mukesh Ambani's Reliance Industries Ltd. has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday. Reliance Retail, the retail arm of the oil-to-telecom conglomerate, had in August 2020 agreed to take over the …

Retail Future Court Amazon Stores Reliance Frl
Reliance Takes Charge of Future
2 years, 9 months ago

Reliance Takes Charge of Future

News 18  

Reliance Industries has stepped in to rescue Future Retail Limited, taking over the operations of its stores and offering jobs to its employees, even as the Kishore Biyani-led group is locked in a bitter legal wrangle with e-commerce major Amazon at several judicial forums over the sale of its business to the retail arm of the oil-to-telecom conglomerate. In August …

Retail Future Operations Reliance Industries Group Landlords Reliance
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 …

Delhi Future Court High Nclt Proceedings Nclt Proceedings
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
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 …

Supreme Court Arbitration Future Court Amazon Order High
Future v Amazon: "35,000 Jobs Will Be Saved, Banks Will Be Paid, No Shops Will Be Closed If Reliance Deal Goes Through" Future Group Lawyers To Supreme Court
2 years, 10 months ago

Future v Amazon: "35,000 Jobs Will Be Saved, Banks Will Be Paid, No Shops Will Be Closed If Reliance Deal Goes Through" Future Group Lawyers To Supreme Court

Live Law  

In the Amazon-Future case, the Future Group on Thursday submitted before the Supreme Court that if Future Retail Ltd's deal with the Reliance goes through, 35000 jobs will be saved, no shops will be closed, Banks will be paid out as well, and FRL's debt will be paid to the last rupee.Senior Advocate Harish Salve appearing for Future Retail was …

India Supreme Court High Court Arbitration Future Court Order
SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8
2 years, 10 months ago

SC Agrees To Hear Amazon’s Appeal In Future Group Case On Feb 8

ABP News  

New Delhi: In a recent development in the Amazon-Future Group case, the Supreme Court has agreed to hear an appeal by US e-commerce giant Amazon against the stay on arbitration order between the Future group and Amazon on February 8. On Tuesday, the SC had put aside the orders of the Delhi HC bench which also refused the arbitration that …

Delhi Future Amazon Group Deal Siac Frl
SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits
2 years, 10 months ago

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

The Hindu  

The Supreme Court on Tuesday remanded to the Delhi High Court the Amazon- Future group dispute, asking it to hear the case afresh on merits, uninfluenced by “any observations” made in orders passed in 2021. A three-judge Bench led by Chief Justice of India N.V. Ramana set aside three orders of the Delhi High Court passed last year, on February …

Delhi Future Court Order High Deal Reliance
Amazon-Future Dispute: Supreme Court Sets Aside Delhi High Court's Direction For Coercive Steps Against Future Group
2 years, 10 months ago

Amazon-Future Dispute: Supreme Court Sets Aside Delhi High Court's Direction For Coercive Steps Against Future Group

Live Law  

In a major relief to Future group companies, the Supreme Court on Monday set aside the orders of the Delhi High Court which initiated coercive steps against the companies and its promoters Biyanis for alleged violation of the Emergency Award passed by the Singapore Tribunal on the application filed by e-commerce giant Amazon.The Supreme Court has set aside the orders …

Delhi Supreme Court Future Emergency Delhi High Court Order Tribunal
'Future Retail Will Sink With 30,000 Employees If Reliance Deal Doesn't Get Through' : Future Group Lawyers To Supreme Court In Case Against Amazon
2 years, 11 months ago

'Future Retail Will Sink With 30,000 Employees If Reliance Deal Doesn't Get Through' : Future Group Lawyers To Supreme Court In Case Against Amazon

Live Law  

In the Amazon-Future case, the Future Group on Tuesday submitted before the Supreme Court that being in a financially precarious situation, Future Retail Ltd will "sink with 30,000 employees losing their jobs" if the Rs 26,000 crores deal with the Reliance doesn't go through.Both FRL and Future Coupons Pvt Ltd argued that FRL should be allowed to go forward with …

India Retail Justice Supreme Court Future Delhi High Court Order
Delhi High Court stays Amazon-Future arbitration over Reliance deal
2 years, 11 months ago

Delhi High Court stays Amazon-Future arbitration over Reliance deal

The Hindu  

The Delhi High Court on Wednesday stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's ₹24,500-crore deal with Reliance. The high court also stayed a single judge's January 4 order that had dismissed the Future Group's two pleas seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against the former's deal with …

Arbitration Future Stay Reliance Frl