Future Group Latest News | Vikas Multicorp Ltd. Share | Future Retail Share Latest News

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Amazon-Future case in HC: 'Group of Companies Doctrine' can't be invoked
New Delhi: A division bench of the Delhi High Court has said in its order that a reading of the agreement clauses shows that Amazon has no intent to exercise control over Future Retail Limited (FRL) and prima facie there was no reason to seek a status quo order before the learned single judge.

A division bench of the Delhi High Court comprising of Chief Justice D. N. Patel and Justice Jyoti Singh has stayed the operation and effect of order passed by the single judge ordering a status quo in the deal between Future group and Reliance.

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Future Group and Reliance Deal | Future Consumer Share Latest News | Future Retail Share Latest News
Future Group and Reliance Deal | Future Group Latest News Future Retail Share Latest News Reliance Retail

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Amazon vs Future Retail: E-comm giant moves SC against Biyani's deal with Reliance
Amazon says Future violated its contract by signing a retail asset sale agreement with RIL in 2020. Future promoter Kishore Biyani denies any wrongdoing and accuses Amazon of playing "dog in a manager"
In the ongoing legal fight between Jeff Bezos-led Amazon Inc and Kishore Biyani's Future Retail group, the e-comm giant has moved the Supreme Court, challenging the Rs 24,713 crore retail asset sale to Mukesh Ambani-led Reliance Retail Ltd.

As per Amazon, Future violated its contract with by signing a retail asset sale agreement with Reliance Industries in 2020. However, Future promoter Kishore Biyani has denied any of these wrongdoing and has accused Amazon of playing "dog in a manager" as the multinational e-commerce giant engages in a massive legal battle with Future Retail Ltd (FRL).

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