Page 39 - Future Coupons News Today

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Amazon moves Delhi HC, seeks Biyanis detention, attachment of assets The Jeff Bezos-led company has also called for enforcement of the emergency award of the arbitration panel, restraining Future Group from moving ahead with its deal with RIL BusinessToday.In | January 26, 2021 | Updated 00:22 IST E-commerce company Amazon has moved Delhi High Court seeking seizure of assets of Future Group founder and CEO Kishore Biyani and his detention in prison for violating Singapore International Arbitra...

Amazon seeks injunction to restrain Future Reliance deal SECTIONS Share Synopsis Reliance Retail, a unit of Reliance Industries, agreed to buy the retail assets of the Future Group on a slump sale basis for about Rs 25,000 crore, it was announced in August. Amazon, which owns a 49% stake in Future Coupons (FCPL), a Future Group holding company. Reuters Experts said foreign seated interim arbitral awards in India are not enforceable directly. Mumbai: Amazon has approached the Delhi High Court se...

Amazon moves Delhi high court to block Future deal The move comes days after stock exchanges and market regulator Sebi gave their conditional approval to the proposed deal Amazon.com Inc has moved the Delhi high court to block Future Group from selling its retail assets to Reliance Industries (RIL). The move comes days after stock exchanges and market regulator Sebi gave their conditional approval to...

The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.

SEBI approves Reliance-Future deal, BSE grants no-adverse-observation status The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August PTI | January 21, 2021 | Updated 07:55 IST Market regulator SEBI gave a go-ahead on Wednesday to 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 w...

The Delhi HC should dismiss Future Group’s suit and stay further proceedings, said Amazon

The Singapore International Arbitration Centre (SIAC) had said in November last year that the Future-Reliance transaction should be put on hold until it gave a final ruling on the plea filed by Amazon.

Arguing for Future Retail, senior lawyer Harish Salve claimed that Amazons appeal was misconceived and had a sleight of hand, asking Amazon to not do in court what they do in the retail business. Salve submitted that with this appeal before a division bench, Amazon had finally acknowledged that the single-judge bench had ruled against them. Future Retail has claimed many inaccuracies in Amazons appeal and will file its reply which will be considered by the High Court on the next hearing on Feb...

Delhi HC asks Future to respond to Amazon plea Updated: Updated: U.S. firm challenges bench’s observation Share Article U.S. firm challenges bench’s observation The Delhi High Court on Wednesday asked Future Retail Limited (FRL) to respond to Amazon’s plea challenging certain observations made by a single judge bench against the U.S.-based e-commerce major. A bench of Chief Justice D.N. Patel and Justice Jyoti Singh also issued notice to Future Coupons Pvt. Ltd. (FCPL), seeking a stand o...