Page 3 - Amazon Future News Today

Future, in a new court filing at the Supreme Court on Tuesday, asked judges to order its lenders and the country's central bank to grant more time to execute the sale, and not be classified as a defaulter.

CAIT has stated in its petition that the acquisition mode of More Retail stores in India by Amazon is akin to its deal with Future Group.

Amazon said the transaction envisaged in the Samara term sheet would ensure availability of funds in FRL at the earliest, through an asset sale and an equity infusion.

What should be an ordinary commercial dispute between Amazon.com Inc. and the founders of a near-bankrupt retailer is shining a harsh light on the quality of legal and regulatory protection investors actually receive in India.

U.S. retail giant Amazon and India's Future Group have been locked in a legal battle for more than a year now. The stand-off has halted Future's Rs 24,500 crore ($3.4 billion) deal with Reliance Industries. Adding more twists, Amazon has filed fresh legal challenges in its long-running dispute with Future after the antitrust agency Competition Commission of India (CCI) suspended a 2019 deal between the two sides, news agency Reuters reported citing sources. According to the report, Ama...

US retail giant Amazon has challenged the Delhi High Court order that stayed the Singapore arbitration proceedings against Future Group in the Supreme Court.

The Special Leave Petition was filed on Saturday and is expected to be taken up for hearing this week.

Sources familiar with the development confirmed that an appeal has been filed in the NCLAT against the decision and the matter is likely to be taken up for hearing in the coming week.

The high court also stayed a single judge's January 4 order that had dismissed the Future Group's pleas seeking a direction to the arbitration tribunal to take a decision on its application for terminating the arbitration proceedings before moving further.

The Delhi High Court on Tuesday dismissed a petition filed by Future Group seeking to quash the arbitration proceedings with Amazon in Singapore