Page 28 - Future Group News Today

Litigation and arbitration remain by far the most popular dispute resolution methods. There have recently been transformational changes to Singapore’s…

In April this year, BoI had moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.

Market regulator Securities and Exchange Board of India (SEBI) has issued a demand notice to Future Enterprises asking the company to pay the penalty of Rs5 lakh imposed in March for alleged non-disclosure of arbitration proceedings initiated by Amazon before the Singapore International Arbitration Centre (SIAC).

Capital markets regulator SEBI on Wednesday sent a notice to Future Enterprises asking it to pay over Rs 5 lakh in a matter pertaining to disclosure lapses about initiation of arbitration proceedings against Future Group by Amazon.

The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 20, 2022, the Kishore Biyani led firm said in its regulatory filing.

NCLAT upholds CCI order against Amazon-FCPL deal

Amazon is bullish on the Indian market, and is "absolutely" compliant with laws and regulations in the country, a top company executive said

Traders and investors alike have found it challenging to navigate the market amid the ongoing volatility

The NCLAT has also upheld Amazons Rs200 crore penalty, ordering the e-commerce giant to pay it within 45 days of today.

The National Company Law Tribunal (NCLT) rejects Amazon's plea challenging the decision of fair trade regulator, Competition Commission of India (CCI) to suspend the approval for the e-commerce major's deal with Future Coupons.