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KISHORE BIYANI NEWS
Future’s Kishore Biyani resigns as exec chairman
January 26, 2023 12:17 am
In his resignation letter, dated January 23, 2023, to the insolvency resolution professional Vijaykumar Iyer, Biyani wrote that as the chairman of the company, he has been holding on to the position even after the initiation of CIRP and suspension of the board including chairman and all rights of the board and the chairman being suspended.
NCLT initiates action against FRL
July 21, 2022 2:43 am
Future Group’s proposed deal with Reliance Industries (RIL) that involved FRL also was opposed by Amazon. However, the deal was later called off.
Future Retail defaults
April 02, 2022 2:03 am
According to Future Retail, due to ongoing litigations with Amazon.com NV Investment Holdings LLC and other connected issues, the company was not able to complete the activities in relation to raising of funds by way of equity contribution and also payment of obligations on due date.
Future Retail CEO quits
April 01, 2022 12:49 am
It added Kishore Biyani, Future Group founder-CEO, has been reappointed executive chairman of FRL for another three years.
Future, Amazon ready for talks to explore settlement
March 04, 2022 12:33 am
The Supreme Court, where lawyers of both the sides agreed to explore out-of-court settlement, has given the parties time till March 15 to see whether they are able to amicably resolve the dispute.
Future Retail moves SC against high court order on deal with Reliance Retail
August 28, 2021 8:51 pm
On February 2, a single bench of the Delhi High Court had directed Future Retail Ltd (FRL) to maintain status quo in relation to its Rs 24,713 crore deal with Reliance Retail, which was objected to by US-based e-commerce giant Amazon.
SEBI ban on Kishore Biyani, others won't impact deal with Reliance: Future Retail
February 04, 2021 3:24 pm
In a separate statement, Future Corporate Resources Pvt Ltd (FCRPL) said the SEBI order "has taken care to exclude dealings in securities under any impending Scheme of Arrangement".
Future-Reliance deal: Kishore Biyani says Amazon creating confusion, 'playing dog in the manger'
January 30, 2021 8:26 pm
In a letter addressed to the Future Group employees, Biyani alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information.
Amazon goes to India court to stall partner Future's retail deal
January 25, 2021 11:22 pm
In the U.S. giant's latest effort to derail Future's asset sale to Reliance Industries, it asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator, which Amazon and Future had agreed to use in case of disputes, the filing showed.
Amazon contentions ‘misconceived’, RRVL deal in best interests of stakeholders: Future
November 02, 2020 11:26 am
Future Retail, in an update to the BSE and NSE, said the bourses should not take cognisance of either Amazon’s letter or the emergency arbitrator’s order as Future Retail had complied with all the requirements of obtaining approvals from Future Coupons, the promoter group entity.
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