Page 3 - Future Coupons News Today

The bench issued a notice to the CAIT, which opposed the deal between Amazon and Future Group, in the matter

The NCLT's insolvency order on Future Retail adds to Amazon's woes.

E-commerce major Amazon has moved Supreme Court against an order of the NCLAT, which upheld fair trade regulator CCI’s decision to suspend its approval for investment in a Future Group company.

In its petition, a copy of which has been seen by PTI, the e-commerce major has said the NCLAT order has several glaring defects and suffers from a total non-application of mind by the appellate tribunal.

The bench also dismissed Amazon's intervention application. This means that FRL can now face insolvency proceedings.

The National Company Law Tribunal's verdict will allow creditors to find a new owner for Future Retail, which once ran India's second largest retail chain

The National Company Law Tribunal (NCLT), Mumbai Bench on ordered for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Future Retail.

The CCI has taken charge to tame giants like Amazon, Apple, Google, Facebook and others from harming competition and safeguarding the interests of local businesses.

As government regulators the world over, especially in European countries, penalise Big Tech for millions of dollars over anti-competitive behaviour, India is finally taking some steps in this direction. Lately, the Competition Commission of ...

Learn everything you need to know about How Amazon destroyed a day 26000cr company!