Discover and read the best of Twitter Threads about #KishoreBiyani

Most recents (5)

#KishoreBiyani vs #Amazon ā€“ Delhi High Court brings up ā€˜civil prisonā€™ for violation by Future Group, asks for recall of approvals granted to Future Retail- #Reliance deal

businessinsider.in/business/corpoā€¦

By @SanchDash
@SanchDash Delhi High Court pronounced its order in the Future Retail-Amazon case today. In a big win today for #Amazon, the court upheld the emergency arbitratorā€™s award in favour of the Jeff Bezos-led company.

#KishoreBiyani #FutureGroup #Reliance
@SanchDash The judgement given by Justice JR Midha said that #FutureRetail, Future Coupons, #KishoreBiyani and others violated the Emergency Award, and also questioned ā€˜why should they not be detained in prisonā€™, reported legal news platform Bar & Bench.

#Amazon #Reliance
Read 6 tweets
#Breaking: In a big win for #Amazon, Delhi High Court uploads the Emergency Award passed against Future-Reliance deal.

Court rejects #Future Group's argument that Emergency Award is a nulity.

Court imposes costs of Rs 20 lakh on Future, to be deposited with PM Relief Fund.
Justice JR Midha holds that Future Retail, Future Coupons, Kishore Biyani and others violated the Emergency Award.

Court issues show cause notice to Biyani and others, asks why they should not be detained in civil prison.

#KishoreBiyani
@amazon @fg_buzz
Court also directs attachment of Kishore Biyani and others.

Court directs filing of affidavit by them detailing assets.

@kishore_biyani
Read 8 tweets
#Amazon got an ā€œoperation successful, patient deadā€ verdict ā ā€” Lawyers say the Delhi High Court order is actually a win for #KishoreBiyani and #FutureGroup

businessinsider.in/business/news/ā€¦

By @SanchDash
#RelianceIndustries agreed to buy #FutureGroup but Amazon objected. The Jeff Bezos-led company already got an order from a Singapore arbitrator stopping the deal between #MukeshAmbani and #KishoreBiyani from progressing.
In response, #FutureGroup went to the Delhi High Court seeking it to stop the global e-commerce giant from interfering in the deal between. What the court said in its verdict is a case of ā€œoperation successful but patient deadā€, said Hitesh Jain, Managing Partner at Parinam Law.
Read 4 tweets
#ICYMI | #KishoreBiyani gives up his retail empire to Mukesh Ambani ā€“ says its now in ā€˜stronger handsā€™

#RelianceRetail acquires #FutureGroup for ā‚¹25,000 crorein a ā€˜slump saleā€™.

businessinsider.in/retail/news/muā€¦

By @SanchDash Image
šŸ‘‰Mukesh Ambani has bought Kishore Biyaniā€™s Future Retail for ā‚¹24,713 crore.

With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL).
šŸ‘‰#RelianceRetail will now own all of Future Enterprisesā€™ stores by way of a ā€˜slump saleā€™ ā€“ Big Bazaar, fbb, Foodhall, Easyday, Nilgiris, Central and Brand Factory. The deal will also see Reliance take over Futureā€™s logistics and warehouse. Image
Read 6 tweets
#RelianceRetail acquires Kishore Biyaniā€™s #FutureGroup for ā‚¹25,000 crore in a ā€˜slump saleā€™

businessinsider.in/retail/news/muā€¦

#KishoreBiyani #MukeshAmbani

By @SanchDash Image
āž”ļøAfter months of wait, the cat is finally out of the bag. #MukeshAmbani has bought #KishoreBiyaniā€™s Future Retail for ā‚¹24,713 crore.
āž”ļøWith the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply Chains and Future Market Networks will merge into Future Enterprises Limited (FEL).
Read 5 tweets

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