Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
Updated Apr 08, 2021 | 20:34 IST
On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance. Amazon moves SC for stay on Delhi HC order on Future-Reliance deal | Photo Credit: BCCL
New Delhi: Amazon has moved the Supreme Court challenging the Delhi High Court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it illegal , random , inequitable and unfair .
Amazon has moved the Supreme Court challenging the Delhi High Court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it illegal , random , inequitable and unfair . On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
Amazon has now moved the Supreme Court and challenged the March 22 order, requesting a stay till a final outcome of its earlier plea related to the deal.
Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute
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Last Updated: Apr 08, 2021, 08:01 PM IST
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On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
Amazon had invested in Future Coupons in August 2019 with an option of buying into the flagship Future Retail after a period of three to 10 years.
Amazon has moved the Supreme Court challenging the Delhi High Court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to
Future Group turns focus back on retail ops as deal with RIL hangs in balance
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Future Group turns focus back on retail ops as deal with RIL hangs in balance
John Sarkar / TNN / Apr 1, 2021, 22:34 IST
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NEW DELHI: Kishore Biyani-led Future Group has turned its attention back on retail operations as its proposed deal with Reliance Retail hangs in balance.
The cash-strapped supermarket operator, which is locked in a bitter legal battle with US retailer Amazon, will deliver groceries and apparel from its Big Bazaar stores to consumers within two hours in a bid to expand into India’s booming e-commerce space, which is currently dominated by the likes Walmart’s Flipkart and Amazon.