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Future Retail heads for liquidation as lenders fail to get suitable buyer

PTI -
As the Committee of Creditors rejected the sole resolution plan submitted by Space Mantra, the RP of the company has now approached NCLT to initiate liquidation of Future Retail New Delhi: Future Retail, once the crown jewel of Kishore Biyani-led...
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Future Retail: NCLT extends deadline till September 15 for completing insolvency process

PTI -
The Insolvency & Bankruptcy Code (IBC) mandates the completion of CIRP within 330 days, which includes time taken during litigations New Delhi, Sep 12 (PTI) The National Company Law Tribunal (NCLT) has extended the deadline to September 15 for completion of...
Big Grid

NCLT grants 90 days extension to Future Retail for concluding insolvency

PTI -
Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL New Delhi: The NCLT has granted Future Retail Ltd (FRL) an extension of...
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Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process

PTI -
The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan default New Delhi: Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of...
Retail

FRL Insolvency: Creditors invite fresh bids, divide assets into 5 clusters as it fails to attract any bids so far

PTI -
The prospective buyers can bid for the debt-ridden firm "as a going concern or individual cluster or a combination of clusters" of its assets as it failed to attract a resolution plan in over four months New Delhi: The creditors...
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Kishore Biyani withdraws resignation from FRL’s suspended board as Chairman, Director

PTI -
The Resolution Professional of Future Retail Ltd (FRL) had raised objections to the contents of Biyani's resignation letter and had requested him to recall it New Delhi: Almost one and a half months after resigning from the suspended board of debt-ridden...
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13 cos among Reliance, Adani in final fray to buy Kishore Biyani-led Future Retail

Ravi Ojha -
These companies have been included in the final list of prospective resolution applicants after receiving no objections from stakeholders concerned to the provisional list issued on November 10. New Delhi: Reliance Retail, Adani Group’s JV April Moon Retail and 11 other...
Big Grid

Future Group moves HC against order restraining Future-Reliance deal

Indiaretailing Bureau -
The Future Group has approached the Delhi HC 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 Limited to sell its...
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Delhi HC upholds Singapore arbitrator’s order against Future-Reliance deal

Indiaretailing Bureau -
The Delhi High Court Thursday upheld 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-commence giant Amazon, as per...
Latest News

Suspend review of Future-RIL deal, don’t grant no objection: Amazon urges SEBI

Indiaretailing Bureau -
E-commerce giant Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It has also filed an appeal with...
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Latest NewsPTI -

UPI transactions hit record high of Rs 25.14 lakh crore in May

In terms of volume, 1,867.7 crore transactions were done in May against 1,789.3 crore in the previous month New Delhi: Transactions...
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