Page 52 - Future Group News Today

Amazon slams Reliance takeover of Future stores as 'fraud' in India newspaper ads

Talks between Amazon.com Inc and Future Retail aimed at resolving a long-running dispute over whether Future's retail assets can be sold to Reliance Industries (RIL) have failed, lawyers for the companies told the Supreme Court on Tuesday. Both Amazon and Future said they would like to resume arbitration proceedings in Singapore that had been put on hold by the Delhi High Court. The top court will hear the matter on Wednesday. Amazon has also accused Future Retail and RIL of "fraud&quo...

Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance and the case is currently before the SC.

Ecommerce major Amazon on Tuesday published ads in leading Indian newspapers accusing Future Retail and Reliance of “fraud” following Reliance Industries' sudden takeover of many of Future’s stores. In ads headlined “PUBLIC NOTICE” in leading Indian newspapers on Tuesday. Amazon said: “These actions have been done clandestinely by playing a fraud on the constitutional courts in India, the arbitral tribunal and Indian statutory authorities/agency,” Amazon has challenged the pro...

The Future Retail counsel on Tuesday informed the Supreme Court that his client is broke and Amazon has driven the firm to its knees, after Amazon's counsel submitted that talks between the parties to settle legal disputes have failed and Reliance is taking over Future's shops.

Amazon counsel on Tuesday told the Supreme Court that the dialogue to settle the dispute with Future Retail did not work, and complained against Reliance taking over Future stores, despite no asset transfer order.Senior advocate Gopal ...

Amazon and the Future Group have been locked in a legal tussle after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre (SIAC) in October 2020.

US e-commerce giant Amazon on Tuesday told the Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway

US e-commerce giant Amazon on Tuesday told the Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway

By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) - Amazon.com Inc said talks have failed to resolve a bitter dispute over Future Retail stores and