Amazon Future Group Deal
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
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Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
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Future Vs Amazon Case Back In High Court, Supreme Court Seeks Fresh Order
The Futures-Reliance deal got a fresh chance today from the Supreme Court, which set aside the adverse orders of the Delhi High Court and asked it to decide the case on merit. US e-commerce major Amazon has been opposing the Rs 24,731 crore deal.
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Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
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Amazon Said to File New Legal Challenges in Dispute With Future Group Over Reliance Deal
Amazon is said to have filed a new legal challenge in its bitter dispute with Future Group after the Competition Commission of India suspended its approval of Amazon's 2019 deal with Future, denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance.
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Amazon Takes Fight To Tribunal In New Move Over Future Deal: Report
Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's supension of a 2019 deal it had with Indian retailer Future Group, two sources with direct knowledge told Reuters on Sunday.
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In Amazon vs Future Retail, Singapore Arbitration Stopped By Court
The Amazon-Future arbitration which is going on before a three-member arbitration tribunal over the latter's Rs 24,500-crore deal with Reliance was halted by the Delhi High Court today.
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"Not In Good Taste": In Amazon Case, Enforcement Directorate Rebuked
The Delhi High Court has reprimanded the Enforcement Directorate for insisting that Hina Doon, a top Amazon exec, be physically present to answer a summons issued as part of a probe into alleged irregularities into the Future Group deal.
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Now, Amazon Scores Over Future Retail In Major Court Decision: 10 Points
The Delhi High Court today dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon as illegal. Justice Amit Bansal of the Delhi High Court said the filings were dismissed, without giving any further details.
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Amazon Sues Probe Agency For Going "Beyond Scope And Power": 10 Points
Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said.
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Amazon Sues Enforcement Directorate, Looks to Quash Future Group Deal Investigation
Amazon is taking India's Enforcement Directorate to court, seeking to quash an investigation into one of its 2019 deals, a court filing shows.
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Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India
Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...
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Amazon India Boss Summoned Over Alleged Future Group Deal Irregularities
Amazon India head Amit Agarwal has been summoned by the Enforcement Directorate next week over alleged irregularities in a deal with Future Group, sources have said. Amazon had bought 49 per cent stake in Future Retail.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
-
Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
-
Future Vs Amazon Case Back In High Court, Supreme Court Seeks Fresh Order
The Futures-Reliance deal got a fresh chance today from the Supreme Court, which set aside the adverse orders of the Delhi High Court and asked it to decide the case on merit. US e-commerce major Amazon has been opposing the Rs 24,731 crore deal.
-
Amazon's Battle With Reliance for India Retail Supremacy Became a Legal Jungle: Here’s How
Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.
-
Amazon Said to File New Legal Challenges in Dispute With Future Group Over Reliance Deal
Amazon is said to have filed a new legal challenge in its bitter dispute with Future Group after the Competition Commission of India suspended its approval of Amazon's 2019 deal with Future, denting the US e-commerce giant's attempts to block the sale of Future's retail assets to Reliance.
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Amazon Takes Fight To Tribunal In New Move Over Future Deal: Report
Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's supension of a 2019 deal it had with Indian retailer Future Group, two sources with direct knowledge told Reuters on Sunday.
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In Amazon vs Future Retail, Singapore Arbitration Stopped By Court
The Amazon-Future arbitration which is going on before a three-member arbitration tribunal over the latter's Rs 24,500-crore deal with Reliance was halted by the Delhi High Court today.
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"Not In Good Taste": In Amazon Case, Enforcement Directorate Rebuked
The Delhi High Court has reprimanded the Enforcement Directorate for insisting that Hina Doon, a top Amazon exec, be physically present to answer a summons issued as part of a probe into alleged irregularities into the Future Group deal.
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Now, Amazon Scores Over Future Retail In Major Court Decision: 10 Points
The Delhi High Court today dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon as illegal. Justice Amit Bansal of the Delhi High Court said the filings were dismissed, without giving any further details.
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Amazon Sues Probe Agency For Going "Beyond Scope And Power": 10 Points
Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said.
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Amazon Sues Enforcement Directorate, Looks to Quash Future Group Deal Investigation
Amazon is taking India's Enforcement Directorate to court, seeking to quash an investigation into one of its 2019 deals, a court filing shows.
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Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India
Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...
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Amazon India Boss Summoned Over Alleged Future Group Deal Irregularities
Amazon India head Amit Agarwal has been summoned by the Enforcement Directorate next week over alleged irregularities in a deal with Future Group, sources have said. Amazon had bought 49 per cent stake in Future Retail.
