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The Enforcement Directorate has issued summons to Amazon India head Amit Agarwal, other senior officials of the retail major, and officials of Future Group as the deal dispute continues.&nbsp;ED is probing if there were any violations of foreign investment laws when Amazon made a $200 million investment in Future Coupons, in 2019&ldquo;We are in receipt of summons issued by the ED in connection with the Future Group. As we have just received the summons, we are examining it and will respond within the given time frame," an Amazon spokesperson said.At least two senior Future Group executives also have been summoned to appear before the Enforcement Directorate in the week of December&nbsp;6, a source with direct knowledge of the matter told Reuters, declining to be named as the matter was not public.

Amazon India chief summoned by ED as the battle with Biyani's Future Group worsens

Biyani vs Bezos: Now ED steps in and summons India chief of Amazon

ED is probing if there were any violations of foreign investment laws when Amazon made a $200 million investment in Future Coupons, in 2019

The Enforcement Directorate has issued summons to Amazon India head Amit Agarwal, other senior officials of the retail major, and officials of Future Group as the deal dispute continues.&nbsp; ED is probing if there were any violations of foreign investment laws when Amazon made a $200 million investment in Future Coupons, in 2019 &ldquo;We are in receipt of summons issued by the ED in connection with the Future Group. As we have just received the summons, we are examining it and will respond within the given time frame," an Amazon spokesperson said. At least two senior Future Group executives also have been summoned to appear before the Enforcement Directorate in the week of December&nbsp;6, a source with direct knowledge of the matter told Reuters, declining to be named as the matter was not public.

The Biyani-Bezos&nbsp;fight is far from over just 48 hours after Future Retail went back to the apex court, Amazon has has written to market regulator&nbsp;SEBI&nbsp;to comply with the Supreme Court judgement and revoke approvals for the Reliance, Future deals.&nbsp;Amazon in a letter dated August 17 requested SEBI,&nbsp; &ldquo;In the light of the directions contained in the enforcement judgment and the emergency arbitrator order, whose validity has been affirmed by the Supreme Court, Amazon requests you to take all such action as is necessary to comply with the Supreme Court judgment and to further ensure that no communications subsist or emanate which are at variance with the Supreme Court judgment.&rdquo;&nbsp;
US e-commerce giant wants the market regulator to direct stock exchanges to withdraw the 'Observation Letters' that were issued related to the proposed Rs 24,713-crore Future-Reliance deal.&nbsp; SEBI&nbsp;had given conditional nod to the deal before the Supreme Court ruling favoring the Amazon.&nbsp;

Biyani vs Bezos: Amazon writes to SEBI to withdraw approval for Future-Reliance deal

Biyani vs Bezos

Amazon has written a letter to the Securities and Exchange Board of India (SEBI) requesting to revoke the conditional approval given&nbsp;

The Biyani-Bezos&nbsp;fight is far from over. Just 48 hours after Future Retail went back to the apex court, Amazon has written to market regulator&nbsp;SEBI&nbsp;to comply with the Supreme Court judgement and revoke approvals for the Reliance, Future deals.&nbsp; Amazon in a letter dated August 17 requested SEBI,&nbsp; &ldquo;In the light of the directions contained in the enforcement judgment and the emergency arbitrator order, whose validity has been affirmed by the Supreme Court, Amazon requests you to take all such action as is necessary to comply with the Supreme Court judgment and to further ensure that no communications subsist or emanate which are at variance with the Supreme Court judgment.&rdquo;&nbsp;
US e-commerce giant wants the market regulator to direct stock exchanges to withdraw the 'Observation Letters' that were issued related to the proposed Rs 24,713-crore Future-Reliance deal.&nbsp; SEBI&nbsp;had given conditional nod to the deal before the Supreme Court ruling favoring Amazon.&nbsp;

Debt relief coming in for Kishore&nbsp;Biyani&nbsp;backed Future Retail as lenders agree to recast the debt. The recast as per filing has been done under the RBI's&nbsp;Covid-19 framework.&nbsp;
The debt recast of Future Retail includes repayment of loans to be extended upto a maximum of 2 years and also a&nbsp;pause in interest payments between March 1, 2020 to September 30, 2021.
With a total of over Rs 10,000 cr debt outstanding&nbsp;Future Retail is the largest debtor in the Biyani group, the total debt for the group&nbsp;stands at about Rs 21,000 crore.
&nbsp;

Big relief for Biyani, lenders agree to recast loans as Amazon's legal tussle continues

With a total of over Rs 10,000 cr debt outstanding, Biyani backedFuture Retail gets a 2-year breather from bankers.&nbsp;

Big relief for Biyani, lenders agree to recast loans 

Debt relief coming in for Kishore&nbsp;Biyani&nbsp;backed Future Retail as lenders agree to recast the debt. The recast as per filing has been done under the RBI's&nbsp;Covid-19 framework.&nbsp;
The debt recast of Future Retail includes repayment of loans to be extended upto a maximum of 2 years and also a&nbsp;pause in interest payments between March 1, 2020 to September 30, 2021.
With a total of over Rs 10,000 cr debt outstanding&nbsp;Future Retail is the largest debtor in the Biyani group, the total debt for the group&nbsp;stands at about Rs 21,000 crore.
&nbsp;

Some relief on the cards for Kishore&nbsp;Biyani's&nbsp;Future Retail&nbsp;even as the legal tussle with Amazon continues to halt sale to Reliance. Reports indicate&nbsp;Future Retails&rsquo;&nbsp;lenders may give a 2 year relief on loan&nbsp;repayments.Bankers lending to&nbsp;Future Retail&nbsp;approve a debt recast plan for the company by the end of this month and is likely to include a&nbsp;two-year moratorium on repayments but keep interest rate being charged the same.&nbsp;Lenders are considering all options to recover more than $2.5 billion in loans owed by Biyani&nbsp;backed Future group as the sale to Reliance remains in a limbo.&nbsp;

Cash strapped Biyani may get relief on loan repayments for Future Retail as Reliance deal in limbo

Some relief on the cards for Kishore&nbsp;Biyani's&nbsp;Future Retail&nbsp;even as the legal tussle with Amazon continues to halt sale to Reliance. Reports indicate&nbsp;Future Retails&rsquo;&nbsp;lenders may give a 2 year relief on loan&nbsp;repayments. Bankers lending to&nbsp;Future Retail&nbsp;approve a debt recast plan for the company by the end of this month and is likely to include a&nbsp;two-year moratorium on repayments but keep interest rate being charged the same.&nbsp; Lenders are considering all options to recover more than $2.5 billion in loans owed by Biyani&nbsp;backed Future group as the sale to Reliance remains in a limbo.&nbsp;

Cash strapped Biyani may get relief on loan repayments for Future Retail

<ul>
<li>Lenders looking to give 2 year relief to Future Retail&nbsp;</li>
<li>Lenders lare reviewing debt recast plan for Biyani's Future Retail</li>
<li>Lenders may agree to halt repayment for 2 years</li>
<li>Future Retail owes $2.5 billion to creditors</li>
<li>Lenders worry as sale deal with Reliance hangs in legal limbo&nbsp;</li>
</ul>

Some relief on the cards for Kishore&nbsp;Biyani's&nbsp;Future Retail&nbsp;even as the legal tussle with Amazon continues to halt sale to Reliance. Reports indicate&nbsp;Future Retails&rsquo;&nbsp;lenders may give a 2 year relief on loan&nbsp;repayments. Bankers lending to&nbsp;Future Retail&nbsp;approve a debt recast plan for the company by the end of this month and is likely to include a&nbsp;two-year moratorium on repayments but keep interest rate being charged the same.&nbsp; Lenders are considering all options to recover more than $2.5 billion in loans owed by Biyani&nbsp;backed Future group as the sale to Reliance remains in a limbo.&nbsp;

Future Group approached the Delhi High Court challenging a single judge's order upholding the Singapore's Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon.
The appeal by&nbsp;will be heard on March 22 by a bench of Chief Justice D N Patel and Justice Jasmeet Singh.
Biyani&nbsp;backed Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them.

Biyani vs Bezos: Future Group moves Delhi HC against restraining order

Another twist in the Amazon Biyani&nbsp;Reliance tango. Biyani&nbsp;backed Future Group has appealed against the single judge order that is holding up the Reliance deal.&nbsp;

Future Group approached the Delhi High Court challenging a single judge's order upholding the Singapore's Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon.
The appeal by&nbsp;will be heard on March 22 by a bench of Chief Justice D N Patel and Justice Jasmeet Singh.
Biyani&nbsp;backed Future Group and Amazon have been locked in a battle after the US-based company took FRL into the emergency arbitration over alleged breach of a contract between them.

Future-RIL deal on hold; favourable ruling for Amazon

The Future-Reliance deal has been put on hold by a Singapore-based arbitration panel; favourable ruling for Amazon

Amazon Inc has won an interim award against its partner Future Group selling retail business to Reliance Industries after a Singapore-based arbitration panel put the deal on hold.
The e-commerce giant had dragged Future to arbitration after the indebted Kishore Biyani group firm signed pact to sell retail, wholesale, logistics and warehousing units to billionaire Mukesh Ambani's Reliance&nbsp;for ₹24,713 crore.
Amazon had purchased 49% in one of Future's unlisted firms last year with the right to buy into Future Retail Ltd after a period of three years to 10 years. It believes Future Group violated the contract by entering into the deal with rival Reliance.

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