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Future Retail Ltd

Retail

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...
In Focus

Future Retail lenders reject Space Mantra’s bid; NCLT extends insolvency period for 15 days

PTI -
The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors (CoC) New Delhi: The lenders of Future Retail Ltd have rejected...
In Focus

Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transaction

PTI -
The application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL) New Delhi: The...
Fashion & Lifestyle

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

PTI -
Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firm New Delhi: Future Lifestyle Fashions Ltd...
Retail

Only 6 companies bids for Future Retail, big ones such as Reliance and Adani opt-out

Indiaretailing Bureau -
Future Retail has a debt of around Rs 30,000 crore and the company is going through corporate insolvency resolution process (CIRP) New Delhi: The lenders of debt-ridden Future Retail Ltd (FRL) have received six bids from prospective buyers by May...
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...
Finance & Funding

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...
Big Grid

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...
Big Grid

Kishore Biyani steps down as chairman of Future Retail

PTI -
Future Retail is facing CIRP (Corporate Insolvency Resolution Process) as a "result of unfortunate business situation", says Biyani New Delhi: Kishore Biyani has stepped down from the suspended board of Future Retail and has resigned as chairman and director of the...
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