Page 2 - Amazon Vs Future News Today

Amazon and Future have been locked in legal battles for several months.

Amazon vs Future: SC stays all HC proceedings; to hear matter itself A Supreme Court bench of justices Rohinton Fali Nariman, Hrishikesh Roy and BR Gavai granted the stay on a plea filed by Amazon, which challenged the March-22 order passed by a division bench of the Delhi High Court BusinessToday.In | April 19, 2021 | Updated 14:58 IST The division bench had stayed the Delhi HC single judge order, which directed to attach promoter Kishore Biyani and Future groups assets The Supreme Court (SC)...

Future Retail finalises debt restructuring plan; to seek Kamath panel approval The company said that the debt restructuring was necessitated due to the disruptions caused by COVID-19 which led to cash flow not being able to bear the debt burden BusinessToday.In | April 18, 2021 | Updated 17:53 IST Future Retail announced that its board of directors has approved a resolution plan for restructuring the companys existing debt in line with the resolution framework sanctioned by the Reserve Bank of...

Will defend: Future after Amazon moves SC against Delhi HC stay order Future says it has received a communication dated April 13, 2021, that Amazon has filed a Special Leave Petition before the SC against the Delhi HC division bench BusinessToday.In | April 14, 2021 | Updated 16:06 IST Amazon CEO Jeff Bezos and Future group promoter Kishore Biyani The fight between Amazon and Future Retail will now take place in Indias Supreme Court. Future Retail has said it will "defend the matter/proceedin...

Amazon warehouse workers in Alabama vote against unionisation According to the latest unofficial tally, 1,798 voted against forming a union, with 738 ballots in favor. A simple majority is needed for victory, but both sides have the right to challenge the eligibility of ballots Reuters | April 10, 2021 | Updated 18:03 IST Amazon shares rose 0.8% Friday, adding to earlier gains Efforts to unionize Amazon.com warehouse workers in Alabama were defeated on Friday by a more than 2-to-1 margin in a ...

Future Retail-Reliance deal gets SEBI approval, Amazon says it will continue to fight legally PTIJan 21, 2021, 08:17 IST BI India/BCCL Future Groups scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that it...