 "Future Retail")
The National Company Law Tribunal (NCLT) passed an order allowing Future Group companies to convene meetings of its shareholders and creditors to seek their approval for the scheme it signed in 2020 that allows Future Group to sell its retail, logistics, and warehousing businesses to Reliance Retail for about Rs 25,000 crore.
In September 2021, the tribunal (NCLT) had allowed creditors and shareholders to hold meetings over the deal. Following which Amazon filed a petition objecting to such a meeting of creditors and shareholders of Future Group. This petition has been dismissed by NCLT.
Amazon has been opposing
In September 2021, the tribunal (NCLT) had allowed creditors and shareholders to hold meetings over the deal. Following which Amazon filed a petition objecting to such a meeting of creditors and shareholders of Future Group. This petition has been dismissed by NCLT.
Amazon has been opposing
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