Tag: future group

NCLAT rejects Amazon’s appeal against CCI order suspending Future deal

NCLAT rejects Amazon’s appeal against CCI order suspending Future deal

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In a major setback to Amazon, the National Company Law Appellate Tribunal (NCLAT) on June 13 rejected the U.S. e-commerce giant’s appeal against an antitrust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval. NCLAT also upheld a ₹200-crore penalty imposed on […]

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Amazon sends notice to Future Group promoters to stop transaction with Reliance

Amazon sends notice to Future Group promoters to stop transaction with Reliance

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Amazon said that the actions are contrary to statements made before courts through pleadings or otherwise Amazon said that the actions are contrary to statements made before courts through pleadings or otherwise E-commerce major Amazon has sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with […]

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