Future Retail

NCLAT rejects Amazon's plea against Future, asked to deposit over Rs 200 crores penalty

In December last year, the Competition Commission of India suspended the approval given by it in 2019, for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd.

published on : 13th June 2022

Amazon warns Future Retail Ltd against selling logistics biz to Reliance Industries

The e-commerce platform said the sale of Future Retail assets to Reliance Industries had also been rejected by the Singapore arbitration court.

published on : 9th June 2022

Future Retail denies Amazon's allegation of 'fraudulent stratagem' by independent directors

Last week, Amazon had accused FRL's independent directors of facilitating a 'fraudulent stratagem' of transfer of 835 stores to Reliance Retail Venture.

published on : 27th May 2022

FRL independent directors ignored irregularities: Amazon

In a fresh attack on FRL, Amazon has accused FRL independent directors of deliberately overlooking irregularities committed by Future Group and the promoter family.

published on : 24th May 2022

Amazon asks RBI to run forensic audit of FRL

Through this stratagem FRL allegedly committed fraud against Courts, Tribunals, lenders and the public.

published on : 2nd May 2022

Amazon pleads Delhi HC for FRL’s store reversal 

US e-comm giant argued ‘transfer’ of 835 stores by Future Retail to RIL violated Singapore tribunal’s injunction

published on : 26th April 2022

Majority of Future Group's secured creditors reject Rs 24000-crore deal with Reliance Retail

While more than 75 per cent of shareholders and unsecured creditors supported the deal, FRL did not get the requisite 75 per cent favourable voting from secured creditors.

published on : 22nd April 2022

SBI raps Future Retail for allowing RIL to take over stores

The leases were taken over by RIL from the original landlords who FRL says terminated their leases over non-payment of dues. RPPMSL then subleased these to FRL.

published on : 21st April 2022

SC disposes off case, arbitration proceedings to begin at SIAC

The bench said. Chief Justice NV Ramana also remarked in a light vein that he hopes to not hear them on this case again.

published on : 7th April 2022

Amazon-Future retail row: SC disposes off case, arbitration proceedings to begin at Singapore Tribunal

The Supreme Court on Monday had noted that Future Retail Limited and Amazon LLC Holding have agreed to the arbitration proceedings at Singapore International Arbitration Centre (SIAC).

published on : 6th April 2022

Amazon-Future dispute: SC orders resumption of arbitration over FRL merger with Reliance Retail

Amazon had moved the top court against the January 5 order of the Delhi High Court, which stayed the proceedings before the arbitral tribunal over Future Retail's merger deal with Reliance Retail.

published on : 6th April 2022

Call out transaction between Future, RIL: Amazon advocate

A single judge of the Delhi HC also held the order was enforceable and yet the transfer of stores had taken place, it alleged. 

published on : 6th April 2022

Supreme Court asks Amazon, Future to urge Delhi HC to hear enforcement pleas of US firm first

Subramanium had said that as far as the resumption of the arbitration proceedings is concerned, there is no difference of opinion between Amazon and Future Group.

published on : 4th April 2022

'Will proceed with arbitration at Singapore tribunal' : Future Retail, Amazon tell SC

During the course of the arguments, the court expressed anguish at how many pleas and replies were being filed by both parties.

published on : 4th April 2022

Amazon-Future dispute: SC to hear US e-commerce major on restraining alienation of FRL's assets on Monday

Senior advocate Harish Salve, appearing for FRL, had said around 374 shops are with the group and it is not going to give those to anybody on its own unless some landlords throw them out.

published on : 3rd April 2022
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