Stay updated with breaking news from Future Retail Vs Amazon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last week, Amazon had accused FRL's independent directors of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance Retail Venture. FRL said Amazon has been writing to various regulators on one or the other point related to the company and has been making "baseless, irrelevant allegations".
A bench in December had noted that Future Retail - Reliance transaction is valid 13 Jan, 2021 - 03:44 PM IST | By indiantelevision.com Team NEW DELHI: The Delhi high court has directed Future Retail Ltd (FRL) to submit its responses in the matter of Amazon challenging prima facie observations, made in December, by a single judge that the e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules. A bench of chief justice D N Patel and justice Jyoti Singh heard the appeal on Wednesday. The matter has been listed for further hearing on ...