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