Future Retail Case In Supreme Court

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.

Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.

The Supreme Court has disallowed Amazon to file a written submission in a case related to Future Retail's plea for approval to proceed with National Company Law Tribunal permission of going ahead with Rs 24,731 crore merger deal with Reliance Retail.

The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.

Even as the Future Group is involved in a dispute with Amazon.com, it has challenged its own lenders in Supreme Court.

The top court observed that it does not see how it can allow Future Group to proceed with Reliance Retail's deal at this stage.

Future Retail has filed a new case against Amazon in the Supreme Court. This is its latest effort to seek clearance for its $3.4 billion retail assets sale to Reliance, which Amazon has challenged.

Supreme Court has blocked Future Group's $3.4 billion retail assets' sale to Reliance Industries, jeopardising nearly $2.69 billion it owes to banks.

The Supreme Court has reserved its judgement in Amazon-Future-Reliance case and will decide whether Singapore's Emergency Arbitrator Award restraining Future Retail Ltd from going ahead with its merger deal with Reliance Retail is valid in India.

The Supreme Court adjourned for July 20 the Amazon-Future-Reliance case in view of the final hearing before the Singapore Arbitration Tribunal next week.

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.

Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.

The Supreme Court has disallowed Amazon to file a written submission in a case related to Future Retail's plea for approval to proceed with National Company Law Tribunal permission of going ahead with Rs 24,731 crore merger deal with Reliance Retail.

The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.

Even as the Future Group is involved in a dispute with Amazon.com, it has challenged its own lenders in Supreme Court.

The top court observed that it does not see how it can allow Future Group to proceed with Reliance Retail's deal at this stage.

Future Retail has filed a new case against Amazon in the Supreme Court. This is its latest effort to seek clearance for its $3.4 billion retail assets sale to Reliance, which Amazon has challenged.

Supreme Court has blocked Future Group's $3.4 billion retail assets' sale to Reliance Industries, jeopardising nearly $2.69 billion it owes to banks.

The Supreme Court has reserved its judgement in Amazon-Future-Reliance case and will decide whether Singapore's Emergency Arbitrator Award restraining Future Retail Ltd from going ahead with its merger deal with Reliance Retail is valid in India.

The Supreme Court adjourned for July 20 the Amazon-Future-Reliance case in view of the final hearing before the Singapore Arbitration Tribunal next week.