16 April 2022, Mumbai:
Big Bazaar parent Future Retail (FRL) on Friday said the meetings of its shareholders and creditors that are scheduled to be held on April 20 and 21 for the approval of its proposed deal with Reliance Retail are "legal" and conform to the directions issued by NCLT.
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ALSO READ Future Group refuses to implement Amazon’s investment in Future Coupons
The regulatory filing by the Kishore Biyani-led entity comes in the wake of a warning by Amazon, which wants to block the deal.
RELATED NEWS Future Group looks at Selling its Stake in Insurance JV to Italian Partner
Earlier this week, a US retailer shot off a letter to FRL's promoters, alleging that the meetings are "illegal" due to injunctions granted by a Singapore-based emergency arbitrator.
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CREDITS: TOI Dt 16-04-2022 (The news article has not been edited by DFU Publications staff).
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