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Amazon vs Future: SC stays all HC proceedings; to hear matter itself


Amazon vs Future: SC stays all HC proceedings; to hear matter itself
A Supreme Court bench of justices Rohinton Fali Nariman, Hrishikesh Roy and BR Gavai granted the stay on a plea filed by Amazon, which challenged the March-22 order passed by a division bench of the Delhi High Court
BusinessToday.In | April 19, 2021 | Updated 14:58 IST
The division bench had stayed the Delhi HC single judge order, which directed to attach promoter Kishore Biyani and Future group s assets
The Supreme Court (SC) on Monday put a stop on all proceedings related to the Amazon-Flipkart case in the Delhi High Court. It has decided to hear the entire case itself and will begin the final hearing in the case on May 4. A Supreme Court bench of justices Rohinton Fali Nariman, Hrishikesh Roy and BR Gavai granted the stay on a plea filed by Amazon, which challenged the March-22 order passed by a division bench of the Delhi High Court. ....

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'Will defend': Future after Amazon moves SC against Delhi HC stay order


Will defend : Future after Amazon moves SC against Delhi HC stay order
Future says it has received a communication dated April 13, 2021, that Amazon has filed a Special Leave Petition before the SC against the Delhi HC division bench
BusinessToday.In | April 14, 2021 | Updated 16:06 IST
Amazon CEO Jeff Bezos and Future group promoter Kishore Biyani
The fight between Amazon and Future Retail will now take place in India s Supreme Court. Future Retail has said it will defend the matter/proceedings through legal counsels after Amazon approached the Supreme Court against a Delhi High Court order that stayed a single judge s order restraining Kishore Biyani-led retail chain from going ahead with its Rs 24,713 crore deal with Mukesh Ambani-led Reliance Retail. ....

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RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months


RIL-Future Retail: Deadline to complete Rs 24,713 cr deal extended by 6 months
The Delhi High Court on March 21 stayed the single judge bench order restraining Future Retail and Reliance Retail from carrying forth the Rs 24,713 crore deal
BusinessToday.In | April 2, 2021 | Updated 14:28 IST
The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles
Mukesh Ambani-led Reliance Retail Ventures has extended the timeline to complete its Rs 24,713 crore deal with Kishore Biyani-led Future group for six months. Future Retail, in a regulatory statement, confirmed Reliance Retail has extended the timeline for the Long Stop Date from March 31, 2021 to September 30, 2021. The deal has been opposed by Jeff Bezos-led Amazon, and both Future and RIL are facing legal hurdles in sealing the deal. ....

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Months before RIL-Future deal, Amazon devised Rs 6,000 cr rescue plan for Biyani's company


Months before RIL-Future deal, Amazon devised Rs 6,000 cr rescue plan for Biyani s company
But Future group says Amazon failed to provide any help to debt-laden company that suffered a massive setback during COVID-induced lockdown. Amazon, on the other hand, says there were ongoing discussions on multiple options with partners and with the promoters of Future
BusinessToday.In | March 3, 2021 | Updated 13:03 IST
Amazon on February 12 moved the Supreme Court (SC) in a bid to block the deal
Even as Amazon Inc and Kishore Biyani s Future Retail are at loggerheads over the RIL-FRL deal, there was one time back in early 2020 when Jeff Bezos-led e-comm giant was making all-round effort to rescue the retail company out of financial troubles. Amazon had devised a plan to invest Rs 6,000 crore in Future Retail in equity and debt. ....

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