Page 44 - Future Group News Today

Amazon and Future Group (FRL) on Monday agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.

The development comes days after FEL defaulted on a payment of Rs 2,835.65 crore to various banks and lenders.

Get latest articles and stories on India at LatestLY. The Supreme Court is scheduled to hear on Monday the submissions of US e-commerce major Amazon, seeking an interim order to ensure that the Future Retail Limited (FRL) assets, including "Big Bazaar shops", not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal. Amazon-Future Dispute: Supreme Court to Hear US E-Commerce Major on Restraining Alienation of FRLs Assets Tomo...

The Supreme Court is scheduled to hear on Monday the submissions of Amazon, seeking an interim order to ensure that the Future Retail assets not be alienated till the dispute over its merger with Reliance Retail is decided by an arbitral tribunal.

A bench comprising Chief Justice N V Ramana and justices Krishna Murari and Hima Kohli, which had heard part arguments on Amazon's plea on April 1, has posted the case for the conclusion of submissions on April 4.

E-commerce giant Amazon is trying to illegally enter Indias physical retail market via its deal with the Future Group companies, the Confederation of All India Traders (CAIT) said in its appeal to NCLAT.

Get latest articles and stories on India at LatestLY. The Supreme Court has asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltds (FRL) assets including Big Bazaar shops not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal. India News | SC Asks if It Can Pass Orders Restraining Alienation of FRLs Assets.

Crisis-hit Future Retail Ltd (FRL) has defaulted on ₹5,300 crore payment to lenders due to ongoing litigations with e-commerce major Amazon, according to an exchange filing.

Future Retail Limited and Future Enterprises Limited on Friday collectively defaulted on loan repayments worth Rs 8,157.97 crore

The Supreme Court has asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd (FRL) assets including Big Bazaar shops not be al