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April 9, 2021
NEW DELHI: Amazon has moved the Supreme Court challenging the Delhi high courts division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it "illegal", "random", "inequitable and unfair". On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that ...
April 9, 2021
Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute Amazon and Future have been locked in a bitter legal tussle after the US ecommerce giant dragged Future Group to arbitration at SIAC in October last year, arguing that the latter had violated their contract by entering into the deal with rival Reliance. 0 claps Amazon has moved the Supreme Court challenging the Delhi High Courts division bench order that had vacated a stay on Kishore Biyani-led Future Grou...
April 9, 2021
Amazon Vs Future: Jeff Bezos-led company moves SC against HC order Amazon in its latest plea said the HC order was "random", "illegal" and "inequitable and unfair". A division bench of Delhi HC on March 22 granted a reprieve to Future from a single-judge bench order passed on March 18, which restrained it from taking any steps about sale of assets to Reliance Retail BusinessToday.In | April 9, 2021 | Updated 12:54 IST The matter has now been listed for further hearing on April 30 In the ongoin...
April 8, 2021
Updated Apr 08, 2021 | 20:34ย IST On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance. Amazon moves SC for stay on Delhi HC order on Future-Reliance deal  |  Photo Credit: BCCL New Delhi:ย Amazon has moved the Supreme Court challenging the Delhi High Courts division bench order that had vacated a stay on Kishore Biyani-led Futur...
April 8, 2021
Amazon has moved the Supreme Court challenging the Delhi High Courts division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it "illegal", "random", "inequitable and unfair". On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained ...
April 8, 2021
Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute SECTIONS Last Updated: Apr 08, 2021, 08:01 PM IST Share Synopsis On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance. Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years. Amazon has ...
April 2, 2021
Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group The deal, which is contested by Amazon, is facing legal hurdles and a decision from the Supreme Court is pending over the petition filed by the e-commerce major. Share Via Email ย ย |ย ย A+Aย A- By PTI NEW DELHI: Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail a...
April 2, 2021
RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months The Delhi High Court on March 21 stayed the single judge bench order restraining Future Retail and Reliance Retail from carrying forth the Rs 24,713 crore deal BusinessToday.In | April 2, 2021 | Updated 14:28 IST The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles Mukesh Ambani-led Reliance Retail Ventures has extended the timeline to complete its Rs 24,713 crore dea...
April 2, 2021
Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail and wholesale business. Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the "Long Stop Date" from March 31, 2021 to September 30, 2021, said a regulatory filing by Future Retail. "Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRV...
April 1, 2021
Reliance to extend long stop for Future Group deal to September 2021 SECTIONS Share Synopsis "Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for Long Stop Date from March 31, 2021 to September 30, 2021," said Future Retail in a statement. Agencies Reliance Retail Ventures Ltd, a unit of Reliance Industries, agreed to buy the retail assets of Future Group on a slump sa...