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Amazon Vs Future: Jeff Bezos-led company moves SC against HC order


Amazon Vs Future: Jeff Bezos-led company moves SC against HC order
Amazon in its latest plea said the HC order was random , illegal and inequitable and unfair . A division bench of Delhi HC on March 22 granted a reprieve to Future from a single-judge bench order passed on March 18, which restrained it from taking any steps about sale of assets to Reliance Retail
BusinessToday.In | April 9, 2021 | Updated 12:54 IST
The matter has now been listed for further hearing on April 30
In the ongoing battle between Amazon and RIL-backed Future Retail, Jeff Bezos-led e-comm giant has moved the Supreme Court, refusing to accept defeat in one of the biggest legal battles in India s corporate world. The Delhi High Court bench on March 22 had removed the stay over Future proceeding with a Rs 24,713 crore deal with Mukesh Ambani s retail company. ....

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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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