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SC allows Amazon's appeal, sets aside order imposing Rs 202 crore penaltyThe Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal wi...- Future Coupons to pay Rs 11 crore in Amazon settlementAmazon and Future Coupons Pvt Ltd have settled their long-running dispute and agreed to withdraw all legal proceedings across forums follow...
- Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 daysSpace Mantra was the single bidder for FRL. According to some media reports, Space Mantra had offered around Rs 550 crore, which was very c...
- NCLT extends deadline for completion of Insolvency of Future Retail to Aug 17The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Lt...
- NCLT grants 90 days extension to Future Retail for concluding insolvencyThe NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of t...
- Amazon in self-serving act to destroy Future Retail at any cost: Future Retail independent directorsIn a reply to Amazon, the directors of Future Retail Limited (FRL) said in a letter, "Your feigned concern over the state of affairs in FRL...
- FRL holds shareholders' meeting for approval of deal with Reliance RetailIn late February, Reliance quietly began taking over the rental leases of hundreds of stores once run by FRL and Future Lifestyle Fashions ...
- FRL shareholders' e-voting ends; EGM for shareholders, creditors to be held on Apr 20, 21As per an addendum notice that the company had submitted to the BSE, FRL's remote e-voting for its equity shareholders started last week on...
- Amazon accuses Reliance of “collusion” with Future RetailJustice Hari Shankar of the high court is scheduled to hear the matter on Tuesday. The apex court asked both Amazon and FRL to update it We...
- Supreme Court to again hear Amazon's plea against FutureOn Friday, Gopal Subramanium, the senior lawyer representing Amazon, pleaded with the court to pass an order so FRL does not part with its ...
- Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assetsA bench headed by Chief Justice N V Ramana, which has now posted the plea of US e-commerce major for further hearing on April 4, said the l...
- SC to hear FRL plea to extend payment deadline on MondayFRL had on Tuesday approached the apex court in a bid to stop State Bank of India, Bank of India, Bank of Baroda and HDFC Bank among two-do...
- With only 3 days left to clear debt, Future Retail asks SC for more time to avoid an NPA tagThe retailer said it could not raise funds to service the debt because a myriad of litigations by Amazon prevented it from selling its smal...
- Future Retail's independent directors turn down Amazon's bailout offerFRL's independent directors had last week asked Amazon if the e-commerce giant was willing to give a long-term loan to avoid default on rep...
- Future Group files SC petition to extend payment deadlineIn its plea FRL said it lost time and was unable to service the debt as its Rs 25,000 deal with Reliance Retail is locked in court cases du...
- Give financial details to Samara Capital if you want funds to avoid default, Amazon tells Future RetailAmazon, that is currently embroiled in a legal tussle with Future Group over the Indian group’s plans to sell its assets to Reliance Retail...
- FRL's independent directors ask Amazon to confirm Rs 3,500-cr infusion by SaturdayE-mails sent to Amazon and Future group seeking comments on the matter did not elicit a response. Earlier this month, Future Retail had sai...
- Supreme Court reserves verdict on Amazon's pleas against FRL-Reliance dealAmazon had first filed a plea before the high court (single judge) for enforcement of the October 25, 2020, EA award by Singapore Internati...
- FRL-Reliance deal: Will decide if Emergency Arbitrator award valid, enforceable, says SCUS-based e-commerce giant Amazon.com NV Investment Holdings LLC, and FRL are embroiled in a bitter legal fight over FRL's Rs 24,713 crore m...
- Fitch downgrades Future Retail, puts co on rating watch listThe downgrade, Fitch said, reflects the heightened risk to FRL's liquidity position.
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