Future retail has already been bleeding money, and they haven't been able to come good on the least payments. So reliance transfered the lease on some of these stores in its name and sublet them to future so that they could continue operating the stores. But since future is now subletting these properties, they are obligated to pay reliance. Since they couldn't do it on time, reliance began taking over the stores. Reports suggest that both amazon and reliance are finally willing to sit together and hash out their differences. The supreme court has extended a dead line by march fifteenth. They expect every one to find a solution because if they don't, everybody loses.
In today's episode for 5th March 2022 we talk about the Future Retail saga.