Future Group likely to approach NCLT's (National Company Law Tribunal) for approval of shareholders' meeting

Future Group likely to approach NCLT's (National Company Law Tribunal) for approval of shareholders' meeting

07 January 2022, Mumbai:

The Future Group is likely to approach the National Company Law Tribunal for a shareholders meeting after the Delhi high court on Wednesday stayed proceedings in the ongoing Amazon-Future arbitration before a Singapore tribunal.

The legal battle between Amazon, Future Group and Reliance - iPleaders

The shareholder approval is key for its proposed Rs 25,000-crore asset sale to Reliance Industries (RIL), a transaction which US e-tailer Amazon has been trying to block for over a year Amazon and Future Group are locked in a bitter legal tussle with the US retailer Amazon.

SOURCE: TOI Dt 07-01-2022 

(The news article has not been edited by DFU Publications staff)

 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. 

Subscribe to our newsletter.

Author’s Posts

  • 62nd JOINT TECHNOLOGICAL CONFERENCE

    To be inaugurated by: Hon’ble Minister of Textiles, GoI, Giriraj Singh

    Oct 16, 2024

  • Brazil cotton over-reliance on exports!

    Marcelo Duarte Monteiro, Director ABRAPA who is based out of Singapore delivered a s...

    Oct 09, 2024

  • The 3rd Global Cotton Conference

    The 3rd Global Cotton Conference is just around the corner, scheduled for October 7, 2024, at La Shan...

    Oct 01, 2024

  • NISTI-IIT Delhi Joint Conference on Sustainability in Textiles and Clothing

    Emerging Trends in Fibers, Fabrics, Processes, and Fashion

    Sep 30, 2024

  • ICAHT-2024: OGTC

    23 September 2024, Mumbai

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex