New Delhi: A bench headed by Chief Justice N.V. Ramana on Wednesday said it hopes it does not have to hear this case again, while noting that Amazon and Future Retail Limited (FRL) will move the arbitration tribunal to resume arbitration proceedings. The top court added that the tribunal will consider FRL’s application on priority […]
New Delhi: Future Retail Limited (FRL) counsel on Friday told the Supreme Court that nobody wants to do business with it today as Section 7 of the IBC may come any day, and the company owes landlords thousands of crores in rentals, as Amazon could not get Future Retail, it destroyed the company. Senior advocate […]
New Delhi: Amazon counsel on Tuesday told the Supreme Court that the dialogue to settle the dispute with Future Retail did not work, and complained against Reliance taking over Future stores, despite no asset transfer order. Senior advocate Gopal Subramanium, representing Amazon, submitted before a bench headed by Chief Justice N.V. Ramana, “the efforts did […]
Hyderabad: Reliance has started taking over the Future Retail stores recently as these store leases were in Reliance’s name and Future was no longer able to operate the stores any further. Reliance is making job offers to all the employees of these stores, which will ensure job continuity for nearly 30,000 employees of Future’s retail […]
Amazon, which acquired an indirect minority stake in the retail and fashion conglomerate last year, alleged that Future's sale of its retail, wholesale, logistics and warehousing businesses to Reliance breached
