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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 …

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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 …

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Decoding the multilayered Amazon-Future-Reliance legal drama
2 years, 11 months ago

Decoding the multilayered Amazon-Future-Reliance legal drama

Hindustan Times  

New Delhi: US-e-commerce giant Amazon and India’s Reliance Industries have been locked in a fierce battle for the future -- almost literally. The Delhi high court Future Group went to the Delhi high court against Amazon, imploring the court to restrain the US-based e-commerce major from writing to Sebi, CCI, and other regulators about SIAC’s order. While the arguments before …

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Is Emergency Arbitration Award Enforceable Under Indian Law? Amazon, Future Retail Argue In Supreme Court
3 years, 4 months ago

Is Emergency Arbitration Award Enforceable Under Indian Law? Amazon, Future Retail Argue In Supreme Court

Live Law  

"How do you get over the specific words 'and from no others' in section 37, Arbitration Act? Mr. Subramaniam relied on the theory of limited fiction as regards the applicability of the CPC to the orders under the Act- "If at all the orders of arbitral tribunals are to be efficacious, then only for the limited purpose of enforcement or …

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SC defers hearing in Amazon-FRL case to June
3 years, 7 months ago

SC defers hearing in Amazon-FRL case to June

Hindustan Times  

The Supreme Court has deferred the hearing of the Amazon-Future dispute by nearly two months to June 28 as it attends to more pressing matters amid the raging viral pandemic, two people aware of the matter said. The delay will buy Future Group and RIL more time The top court was scheduled to hear the case between US-based e-commerce giant …

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E-Tail struggle: The Amazon-Future Retail court battle intensifies
3 years, 9 months ago

E-Tail struggle: The Amazon-Future Retail court battle intensifies

India Today  

The legal battle between e-tail major Amazon and the Kishore Biyani-led Future Retail over the latter’s sale of assets to Reliance Retail has intensified. Just days after a single bench of the Delhi High Court said on March 18 that Future Retail, Future Coupons, Kishore Biyani and others had violated an emergency award by the Singapore International Arbitration Centre in …

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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 …

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Delhi HC ask if Amazon, Future open to resolve issue relating to Reliance deal
3 years, 10 months ago

Delhi HC ask if Amazon, Future open to resolve issue relating to Reliance deal

Hindustan Times  

The Delhi High Court Monday sought to know whether US-based e-commerce giant Amazon and Kishore Biyani led Future Retail Ltd were open to resolving the issue arising out of ₹24,713 crore deal between FRL and Reliance Retail. The court was hearing a plea by Amazon seeking direction to order enforcement of the award by Singapore's Emergency Arbitrator restraining FRL from …

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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 …

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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 …

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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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Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC
4 years, 1 month ago

Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC

News 18  

Kishore Biyani-led Future Retail Ltd Thursday told the Delhi High Court that Amazon was not its shareholder and has no say in its affairs and the interim order passed by the Singapore International Arbitration Centre was of no value. The court had on November 10 sought response of Amazon on FRL's plea alleging that the e-commerce major was interfering in …

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Why Amazon and Reliance are fighting for Future Retail in India
4 years, 1 month ago

Why Amazon and Reliance are fighting for Future Retail in India

CNN  

Hong Kong CNN Business — Two of the world’s richest men are duking it out over a brick-and-mortar retail chain on the verge of default. Amazon, the Seattle-based e-commerce firm owned by Jeff Bezos, is fighting a $3.3 billion deal struck between Mukesh Ambani’s Reliance Industries and the Indian retail conglomerate Future Group. Fitch Ratings downgraded Future Retail’s rating two …

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Amazon open to bailing out Future Group
4 years, 2 months ago

Amazon open to bailing out Future Group

Live Mint  

Amazon Inc. is open to helping debt-laden Future Group bring in a new, financially strong partner or investor if it calls off its ₹24,700 crore deal with Reliance Retail Ventures Ltd, said two people aware of the US e-commerce firm’s plans. “Future Group will be catering faster to RIL’s JioMart customers and not Amazon’s if the deal happens. In a …

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Amazon drags Future to Singapore arbitration
4 years, 2 months ago

Amazon drags Future to Singapore arbitration

Live Mint  

Bengaluru/Mumbai: Amazon Inc. has approached the Singapore International Arbitration Centre, claiming that Future Group has violated the contract under which the US-based e-commerce major took a stake in its subsidiary, and is asking for the deal with Reliance Industries Ltd to buy the Indian firm’s retail assets to be halted. Amazon agreed to purchase 49% of one of Future’s unlisted …

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