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AMAZON FRL
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 independent director conduct raises question on corporate governance in India: AmazonIn August 2020, Future Group had announced a Rs 24,713-crore deal to sell 19 companies operating in retail, wholesale, logistics and wareho...
- 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...
- It's akin to demon preaching vedas: Future Retail independent directors on Amazon's allegation of fraudulent stratagemHitting out at Amazon for making "false statements" and submission of "false documents" before the fair trade regulator Competition Commiss...
- Future-Reliance deal: Amazon writes to Future independent directors, accuses them of facilitating fraudulent stratagemThe Reliance deal fell last month after the lenders to FRL rejected it. But prior to that, Reliance group, referred to as MDA group by Amaz...
- Amazon urges Sebi to probe Future RetailAmazon had challenged the deal to sell FRL assets to Reliance Industries' retail venture. The deal had fallen through after a majority of F...
- Amazon urges RBI to conduct audit of Future RetailAmazon, which has been fighting a bitter legal battle with FRL to block the Reliance-Future deal, alleged that a collusion between FRL's le...
- 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...
- Hope CCI reopens Amazon investment case: Independent directors of FRLRL has given a one-time restructuring proposal to banks, telling them that the company will sell all its small stores and raise Rs 3,000 cr...
- NCLT puts on hold shareholders meeting of Future RetailIn September, the NCLT had allowed FRL to convene meetings of its shareholders and creditors to seek approval on a sale proposal of the ret...
- Future Retail independent directors claim Amazon deal violates FEMA, FDI rulesThe assertions of Amazon which it has claimed with success in the arbitral tribunal meant Amazon has significant strategic rights over FRL ...
- Delhi High Court stays direction to maintain status quo on Future-Reliance dealThe bench also declined Amazon's request to keep its order in abeyance for a week so that it can explore appropriate remedies.
- Future Retail attempting to mislead shareholders, regulatorsFRL defended itself in a letter of its own to the bourses, reiterating arguments made in an earlier communication.
- Delhi High Court rules Amazon's attempt to control Future violative of FEMA FDIThe High Court had on Monday upheld Amazon's right to make representations to statutory authorities against the Future Group-Reliance Retai...
- 'Amazon seeking to exercise control over Future Retail without owning a stake'Amazon had in August last year bought 49 per cent in one of Kishore Biyani-led Future Group's unlisted firms, with the right to buy into th...
- Amazon not shareholder, no say in company affairs: Future Retail tells Delhi High CourtSubsequently, Amazon wrote to market regulator SEBI, stock exchanges and Competition Commission of India (CCI), urging them to take into co...
- Future Retail rejects Amazon's contention over shareholder agreementsIn a filing to the stock exchanges on Sunday, FRL said if the two separate agreements were treated as a single integrated transaction, then...
- In fight with Amazon, Future Retail sees liquidation if Reliance deal failsOver the weekend, Amazon won an injunction from a Singapore arbitrator to halt FRL's deal to sell assets to Reliance. Amazon alleged FRL ha...
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