Amazon ordered to recall 2,265 pressure cookers; to pay ₹1 lakh penalty
Central Consumer Protection Authority initiated suo-moto action against e-commerce platforms. Notices were also issued to Flipkart, Paytm Mall, Shopclues and Snapdeal
amazon
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
NCLT orders insolvency proceedings against Future Retail
NCLT has appointed Vijaykumar V Iyer of Deloitte India Insolvency Professionals LLP as the interim resolution professional for the insolvency proceedings against Future Retail.
Clear ₹5 lakh penalty, interest in 15 days: SEBI to Future Enterprises
Failing to make the payment will lead to the recovery officer initiating recovery proceedings in accordance with the extant provisions, SEBI warns Future.
Fake reviews on Flipkart, Amazon under govt radar
Due to fake and misleading reviews, the right to be informed, which is a consumer right under the Consumer Protection Act is violated, says govt.
Future Group: Insolvency looms
Future has a shade over 550 stores left after RIL took over 830 stores for not paying rentals since early 2020. Of these, over 70% are defunct.
Banks vote against Future deal; co a pale shadow of itself
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
Future shareholders vote on ₹24,713-cr Reliance Retail deal
Another meeting with secured and unsecured creditors of the listed Future Group companies is scheduled for today.
Lenders will take Future cos. to bankruptcy to counter Reliance lease termination
Debt recovery of ₹30,000 crore from Future group companies will be tough for the banks if the retailer loses stores to Reliance without a deal.
Amazon, Future fail to reach out-of-court settlement
The Supreme Court bench has asked Future Coupons to respond to Amazon’s application by March 16, when the matter will be heard next.
Amazon clears CCI hurdle in Cloudtail parent acquisition
Amazon, through its subsidiary, will purchase 76% stake in Prione Business Service, which includes Cloudtail India.
