Last week, Amazon had accused FRL's independent directors of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance Retail Venture.
FRL has scheduled the meetings on April 20 and 21 after the National Company Law Tribunal (NCLT) in February had allowed it to go ahead and convene those meetings to consider a scheme of arrangements to sell its assets to...
Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs 3,900 crore before March 31, 2022 by way of equity contribution
In April, Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
According to the report, the apex court was previously informed that the two parties had agreed to resume the arbitration proceedings in SIAC.
Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer Ltd and Future Supply Chain, informed exchanges about dates and other procedures for the virtual meetings of shareholders and creditors.
The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal
Amazon and Future group are engaged in multi-forum litigations on the issue of FRL’s merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd after the US e-commerce giant dragged the latter to arbitration at...
A bench headed by Chief Justice N V Ramana, on March 3, had acceded to Amazon's request and granted 10 days to it for exploring the possibility of resolving...
Amazon has been engaged in several legal tussles with Future Retail and Reliance Group. The company has also been contesting Future Retail’s $3.8 billion...
The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the...
Debt-ridden Future Retail has made a payment of USD 14 million (around Rs 104.55 crore) for interest due on the dollar-denominated notes (USD Notes) listed on...
Its total income in October-December 2021 jumped 86.85 per cent to Rs 2,815.68 crore, against Rs 1,506.87 crore in the year-ago period.
A bench headed by Chief Justice N V Ramana, which had reserved its order on February 3, was irked over the alleged delayed request of the US-based e-commerce...
The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by...
Future Retail Ltd (FRL) has sought a direction from the lending financial institutions (FIs) that no coercive action be taken against it for a certain time...
The March 18 order of the high court, upholding the EA’s award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
The top court also quashed the October 29, 2021 order of the high court declining a stay on an arbitration tribunal decision refusing to interfere with the...
On January 19, Amazon had approached the independent directors of FRL reiterating its willingness to assist the Mumbai-based company in addressing its...
In its filing to BSE, Future Retail said that the company is seeking relief from the Delhi High Court to stay and set aside the 'impugned order' of the SIAC.
The global convenience store had been planning an Indian entry since 2004. It had signed an agreement with Future Retail to open seven stores by March 2020.
“The EA Order is an order within section 17 (1) and can be enforced under Section 17(2) of the Arbitration and Conciliation Act,” Supreme Court said.
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According to the Supreme Court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai.
