Business Standard

Wednesday, December 25, 2024 | 10:38 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Decoded: Stopping Future's asset sale to Reliance may not be easy

In its petition, Amazon is said to have sought imprisonment of Future group promoters including Kishore Biyani for alleged violation of securities market rules

kishore biyani, future group, big bazar
Premium

Amazon.com Inc has asked the Delhi High Court to restrain Future Group from taking steps to sell its assets or shares and enforce the interim order passed by the Singapore International Arbitration Centre

Sudipto Dey New Delhi
In their latest effort to stall the Rs 25,000 crore-Future Group-Reliance Retail deal, Amazon.com Inc has asked the Delhi High Court to restrain Future Group from taking steps to sell its assets or shares and enforce the interim order passed by the Singapore International Arbitration Centre. In its petition before the court, Amazon is said to have sought imprisonment of Future group promoters for alleged violation of securities market rules by illegally encumbering group company shares. Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers’ purse.

Could someone be arrested for alleged breach

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in