by Amruth Sundarkumar | Oct 13, 2021 | High Yield Bonds, India
Indian retailer Future Retail and Amazon are said to be considering an out of court settlement after a year-long legal battle over the proposed sale of the former’s assets to Reliance Retail, as per two people familiar with the matter. The Singapore...
by Amruth Sundarkumar | Sep 29, 2021 | High Yield Bonds, India
The Mumbai bench of the National Company Law Tribunal (NCLT) approved Future Retail to hold a shareholder meeting to seek approval for its INR 247bn ($3.4bn) deal with Reliance. With this, sources said that the NCLT dismissed Amazon’s objection to the deal...
by Megha Malhotra | Aug 30, 2021 | High Yield Bonds, India
India’s Future Retail filed a new case against Amazon.com Inc at the Supreme Court as it seeks clearance for its $3.4bn sale to Reliance Industries. Future’s deal with Reliance Industries was put on hold as the Supreme Court declared this month an interim...
by Megha Malhotra | Aug 18, 2021 | High Yield Bonds, India
The Delhi High Court has given Future Retail four weeks before enforcing an earlier order for a complete halt on the company’s asset sale deal with Reliance. The extension was given after Future group’s lawyer said the company’s petition in top court was pending and...
by Amruth Sundarkumar | Aug 9, 2021 | High Yield Bonds, India
India’s Supreme Court upheld the Singapore Emergency Arbitrator (EA) award, halting Future Retail’s $3.4bn deal with Reliance Retail, and thereby ruling in favour of Amazon. Amazon filed their first plea against the deal in October 2020 with the Singapore Arbitrator...
