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Future-Reliance deal on-track to progress

The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums.

Amazon knew fully about talks with RIL for retail assets sale: Kishore Biyani

Amazon knew fully about talks with RIL for retail assets sale: Kishore Biyani Biyani said the US giant s 2019 investment in Future Coupons Pvt Ltd (FCPL) Future Retail s parent was for coupon and gifting business only and the same could continue post-retail assets going to Reliance PTI | January 6, 2021 | Updated 09:15 IST Future Group Founder and CEO Kishore Biyani Future Group Founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group s talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis.

Amazon-Future row: Singapore s arbitration court forms 3-member panel to pass final verdict

Amazon-Future row: Singapore s arbitration court forms 3-member panel to pass final verdict The three-member arbitration panel will be led by Singaporean barrister Michael Hwang, while Albert van den Berg and Jan Paulsson will be the two other members BusinessToday.In | January 6, 2021 | Updated 21:08 IST The arbitration proceedings between Amazon and Future could take 6-9 months Amid ongoing arbitration battle between US-based Amazon and Kishore Biyani-led Future Retail, the Singapore International Arbitration Centre (SIAC) on Tuesday formed a three-member panel to pass its final verdict on Future Group s Rs 24,713 crore deal with Reliance Industries Ltd. Both the parties have reportedly agreed to the names of the three-member arbitration tribunal required for the arbitration process, which is expected to start over the next fortnight.

Future Retail scheme not impeded, Amazon contravened FDI, FEMA rules

Future Retail scheme not impeded, Amazon contravened FDI, FEMA rules
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