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NCLAT Rejects Amazon's Plea Against CCI Order; Directs To Deposit Rs 200 Crore Penalty In 45 Days

NCLAT Rejects Amazon's Plea Against CCI Order; Directs To Deposit Rs 200 Crore Penalty In 45 Days

In December last year, CCI had suspended the approval given by it in 2019, for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd (FCPL).

13 June 2022
Amazon Sends Notice To Future Group Promoters To Stop Transaction With Reliance

Amazon Sends Notice To Future Group Promoters To Stop Transaction With Reliance

The notice follows reports that the Future group is in the midst of negotiations with Mukesh Dhirubhai Ambani (Reliance Industries Limited) Group (MDA Group)...

08 June 2022

Its Akin To Demon Preaching Vedas: Future Retail Directors On Amazon's Allegation Of Fraudulent Strategy

They have said due to the "cumulative effect" of Amazon’s wrongful conduct, the lenders of FRL had rejected the Rs 24,713 crore deal with Reliance Retail and...

After Biyani & Ambani, Bezos Wages War Against Bank Of India For Future Retail Deal

After Biyani & Ambani, Bezos Wages War Against Bank Of India For Future Retail Deal

NCLT will hear Amazon’s plea on June 6, while last week it had directed FRL to respond to BoI’s bankruptcy charges.  

13 May 2022

NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.

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20 April 2022
SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

The lender groups said that Future Group knew about its stores being taken over by Mukesh Ambani's Reliance Retail and did not provide any clear answers over...


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