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The Latest Breaking News from FRL

SC allows Amazon's appeal, sets aside order imposing Rs 202 crore penalty

The Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal with Future Coupons Pvt Ltd. This decision overturns a previous order by the National Company Law Appellate Tribunal. The Competition Commission of India's order imposing the penalty…

The Economic Times

Who is Ilya Ponomarev, the anti-war Russian renegade exiled in Ukraine?

Ponomarev, once a liberal parliamentarian, likens himself to Charles de Gaulle. Does he really pose a threat to Putin?

Al Jazeera

Ukraine war: what international law says about the Russians fighting against their own country

In the weeks before Ukraine’s counteroffensive – and as Ukraine’s military activity in Russian-occupied areas of its country increased in intensity – there have been reports of attacks on the other side of the border directed against Russian targets.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Kishore Biyani steps down as chairman, director of Future Retail

NEW DELHI: Kishore Biyani has stepped down as chairman of the suspended board of the debt-ridden Future Retail, which is currently facing insolvency proceedings.

The Times of India

Future Retail insolvency: Expression of interest invited from prospective buyers by October 20

NEW DELHI: The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).

The Times of India

Sebi orders forensic audit of Future Retail accounts and its transactions with 3 group firms

NEW DELHI: Stock market regulator Sebi has ordered a forensic audit of the accounts of debt-ridden Future Retail Ltd (FRL) for the financial years 2019-20, 2020-21 and 2021-22.

The Times of India

Amazon likely to challenge NCLAT order in Supreme Court

NEW DELHI: Amazon is likely to move the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order which rejected its plea challenging the Competition Commission of India’s (CCI) suspension of approval of the US e-tailer’s investment in Future Coupons (FCPL).

The Times of India

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Reliance calls off ₹24,731 crore deal with Future Retail

The secured creditors of Future Retail Ltd have voted against the scheme of arrangement put forward by Reliance

The Hindu

FRL shareholders' e-voting ends; EGM for shareholders, creditors to be held on April 20, 21

NEW DELHI: The electronic voting process for shareholders of the debt-ridden Future Retail Ltd (FRL) ended on Tuesday evening ahead of the meetings of the shareholders and creditors to approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail despite opposition from e-commerce major Amazon and…

The Times of India

Future Retail claims shareholders' meet for Reliance deal is legal, in response to Amazon's allegations

NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said the meetings of its shareholders and creditors that are scheduled to be held on April 20 and 21 for the approval of its proposed deal with Reliance Retail are “legal” and conform to the directions issued by the National Company…

The Times of India

Bank of India moves NCLT against Future Retail, files insolvency plea

NEW DELHI: Bank of India has moved the National Company Law Tribunal (NCLT), filing a petition to initiate insolvency proceedings against debt-ridden Future Retail Ltd.

The Times of India

Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon

NEW DELHI: Amazon has written to Big Bazaar-parent Future Retail alleging that the upcoming meetings of its shareholders and creditors for the approval of the retailer’s proposed Rs 24,700-crore deal with Reliance Retail is “illegal”.

The Times of India

Amazon Dubs Take Over Of 800 Future Retail Stores By Reliance A 'Sham Transaction'

The ongoing tussle between the American e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) and Indian retailer Future Retail (FRL) continued in the Delhi High Court on Tuesday (Indian Standard Time).

Benzinga

Future Retail defaults on Rs 5,322 crore debt repayment

NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said it has missed the due date for repayment of around Rs 5,322 crore to lenders due to the ongoing legal battle with US e-tailer Amazon among other issues.

The Times of India

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The Times of India

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

NEW DELHI: The Supreme Court on Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail's assets including 'Big Bazaar shops' not be alienated till the dispute over it's merger with Reliance Retail is decided by the arbitral tribunal.

The Times of India

Future Retail CEO Sadashiv Nayak resigns after 7 months of his appointment

NEW DELHI: Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing.

The Times of India

Amazon seeks SC order for resumption of arbitration & preservation of FRL assets

NEW DELHI: US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail.

The Times of India

Amazon calls Future store transfer to Reliance 'fraud'

NEW DELHI: Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

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The Hindu

SC allows Future Retail to move Delhi HC to continue NCLT proceedings

Any delay would render pact with Reliance redundant, FRL argues

The Hindu

Supreme Court permits FRL to approach Delhi HC with plea related to merger with Reliance Retail

“We grant liberty to FRL to approach the Delhi High Court for seeking continuation of proceedings before the NCLT...We request the single judge [of the high court] to pass orders,” the Bench said

The Times of India

NCLAT to hear Amazon's interim plea to stay CCI order suspending Future Coupons deal approval

NEW DELHI: 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 fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL).

The Times of India

Let Reliance, Amazon bid for Future Retail: Banks to SC

NEW DELHI: Pushing for ownership over the litigation mired assets of Future Retail owned by beleaguered Biyani group, a consortium of 27 banks on Thursday told the Supreme Court that the best way out of the present mess is to ask both Reliance Retail and Amazon to make open competitive…

Dynamite News

Amazon-Future case: SC remands dispute back to HC for fresh consideration

In a relief to the Future group, the Supreme Court on Tuesday set aside the previous orders of the Delhi High Court refusing to stay arbitration tribunal decision restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail.

The Hindu

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

Amazon has been opposing the Future group decision to go ahead with the ₹24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.

The Hindu

SC to pronounce verdict on pleas of Future group firms in Amazon-Future case

The bench had reserved the judgement and had said that it wanted to send the case back to the Delhi HC to render a finding on the enforceability of the SIAC award restraining FRL's sale of assets to Reliance Retail

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