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Home Articles FRL
Reliance calls off Rs 24713-cr deal with Future Group after secured creditors give a thumbs down \
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Reliance calls off Rs 24713-cr deal with Future Group after secured creditors give a thumbs down

 23-Apr-2022
New Delhi Apr 23 PTI Reliance Industries on Saturday said its Rs 24713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it In a regulatory filing Reliance said Future Group companies comprising Future Retail Limited FRL and other listed companies involved in the scheme have intimated the results of the voting on the scheme of arrangement by their shareholders and creditors at their respective meetings The secured creditors of FRL have voted against the scheme In view thereof the subject scheme of arrangement cannot be implemented said RIL while updating on the scheme of arrangement for the transfer of retail and wholesale business and the logistics and warehousing business of Future Group to its subsidiary Reliance Retail Ventures Ltd RRVL and Reliance Retail and Fashion Lifestyle Ltd RRFLL In August 2020 Future Group announced the Rs 24713-crore deal to sell 19 companies operating in retail wholesale logistics and warehousing segments to Reliance Retail Ventures Ltd RRVL RRVL is the holding company of all the retail companies under the RIL Group PTIKRH DRR
23-Apr-2022 National
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Parties will approach Singapore tribunal to resume arbitration proceedings: SC on Future-Amazon dispute \
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Parties will approach Singapore tribunal to resume arbitration proceedings: SC on Future-Amazon dispute

 06-Apr-2022
New Delhi [India], April 6 (ANI): The Supreme Court on Wednesday observed that parties will approach the tribunal led by the Singapore International Arbitration Centre (SIAC) to resume arbitration proceedings in connection with the merger deal of FRL with Reliance Retail.
06-Apr-2022 National
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Amazon, Future agrees in SC to appear before arbitration tribunal SIAC \
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Amazon, Future agrees in SC to appear before arbitration tribunal SIAC

 04-Apr-2022
New Delhi [India], April 4 (ANI): Amazon and Future Group (FRL) on Monday agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
04-Apr-2022 National
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SC asks if it can pass orders restraining alienation of FRL’s assets \
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SC asks if it can pass orders restraining alienation of FRL’s assets

 02-Apr-2022
New Delhi [India], April 2 (ANI): The Supreme Court has asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd's (FRL) assets including Big Bazaar shops not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal.
02-Apr-2022 National
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Amazon proposes talks with Future Group in Supreme Court to settle legal dispute amicably \
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Amazon proposes talks with Future Group in Supreme Court to settle legal dispute amicably

 03-Mar-2022
New Delhi [India], March 3 (ANI): An advocate of US e-commerce giant Amazon on Thursday proposed before the Supreme Court to have informal dialogue with the Future Group to settle the ongoing dispute between the parties amicably.
03-Mar-2022 National
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Reliance takes control of around 200 Future Retail stores \
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Reliance takes control of around 200 Future Retail stores

 27-Feb-2022
New Delhi [India], February 27 (ANI): Reliance Retail Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Sunday.
27-Feb-2022 Business
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‘Going through acute financial crisis’, says Future Retail amid ongoing litigation \
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‘Going through acute financial crisis’, says Future Retail amid ongoing litigation

 27-Feb-2022
Mumbai (Maharashtra) [India], February 27 (ANI): Kishore Biyani's Future Retail said in a press release that the company is finding it difficult to finance the working capital needs as it is going through an acute financial crisis.
27-Feb-2022 National
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Future-Reliance Deal: SC allows FRL to approach Delhi HC on NCLT process \
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Future-Reliance Deal: SC allows FRL to approach Delhi HC on NCLT process

 15-Feb-2022
New Delhi [India], February 15 (ANI): The Supreme Court on Tuesday allowed Future Retail Ltd. (FRL) to approach the Delhi High Court with its plea to resume National Company Law Tribunal's (NCLT) proceedings regarding approval for its Rs 27,513-crore transaction with Reliance.
15-Feb-2022 National
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Delhi HC agrees to hear today Future Group appeal challenging single bench order \
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Delhi HC agrees to hear today Future Group appeal challenging single bench order

 05-Jan-2022
New Delhi [india], January 5 (ANI): The Division Bench of Delhi High Court on Wednesday agreed to urgently hear on Wednesday itself an appeal of Future Group challenging single bench order.
05-Jan-2022 National
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Hydrographic survey of Srisailam reservoir gets underway \
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Hydrographic survey of Srisailam reservoir gets underway

 23-Aug-2021
KURNOOL With Krishna river management being taken over by the Union government a hydrographic survey was commissioned at Srisailam reservoir to assess the extent of its storage capacityThe reservoir depth has been shrinking consistently in the past 45 years particularly after Srisailam was made operationalAs the Krishna river management is with the Centre it has commissioned the survey to dispel doubts over the actual storage capacityThe team is conducting the depth of the reservoir and the inflow levels to arrive at the displacement of water finally leading to measuring the storage capacity accurately he saidThe hydrographic survey will be conducted to the extent of maximum water level MWL the balance from MWL to FRL is supplemented by remote sensing techniques
23-Aug-2021 National
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