Amazon-Future Saga Takes A Turn; Both Parties Agree To Resolve Spat
Amazon filed a lawsuit against Future Retail for permitting the transfer of assets to Reliance Industries despite being outlawed to do that
Source: inc42.com
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CCI doesn't have power to suspend its own orders: Amazon to NCLAT
CCI doesn't have the power to keep its own orders in abeyance, Amazon told the National Company Law Appellate Tribunal (NCLAT).
Source: techstory.in
Reliance takes control of Future Retail stores, including Big Bazaar amid Amazon dispute
Reliance Industries is taking over the operation of Future Retail (FRL) stores and is offering jobs to the company's employees.
Source: techstory.in
CCI Has No Power To Revisit Its Own Judgements: Amazon Tells NCLAT
Amazon, on Feb 25, argued before the NCLAT that the CCI does not have the power to suspend its own orders or revisit prior approvals.
Source: inc42.com
Reliance takes control of around 200 Future Retail stores, offers jobs to employees
Billionaire Mukesh Ambani's Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday.
Source: deccanherald.com