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National Company Law Tribunal

Liberty Shoes removes executive director Adesh Kr Gupta after NCLT sets aside his plea

Gupta, who along with some other shareholders holds 5.83 per cent of the company, had filed a plea under Section 244 of the Companies Act, 2013, seeking waiver in requirements to file a plea alleging oppression and mismanagementNew Delhi:...

Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15

The RP of the company has moved an application before the Mumbai bench of NCLT to exclude a period of 29 days from CIRP of Future Retail Ltd, according to a regulatory filingNew Delhi: The resolution professional (RP) of...

Reliance Retail to reduce share capital, to pay Rs 1,362 per share

This capital reduction plan will make Reliance Retail a 100% subsidiary of Reliance Retail Ventures LimitedNew Delhi: Country's leading retailer Reliance Retail on Friday said it will reduce the equity share capital to the extent held by shareholders other than...

Future Enterprises CoC re-constituted, claims over Rs 12,265 cr from financial creditors admitted

The interim resolution professional (IRP) has received claims of Rs 7,014.83 crore from 22 secured financial creditors of FELNew Delhi: Taking a step forward for debt resolution, the interim resolution professional of debt-ridden Future Enterprises Ltd (FEL) has reconstituted...

NCLT grants 90 days extension to Future Retail for concluding insolvency

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 FRLNew Delhi: The NCLT has granted Future Retail Ltd (FRL) an extension of...

SC sends notice to Future Retail Ltd on Amazon plea against HC order

The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal. The apex court said the proceedings before the National Company Law Tribunal (NCLT) will...

Future-Amazon tussle reaches Supreme Court, FRL says ‘will defend the matter’

Amazon has approached the Supreme Court against a Delhi High Court order that vacated the status quo on Future Group's proposed Rs 24,713 crore-deal with Reliance Industries.In a filing to stock exchanges, Kishore Biyani-led Future Retail Ltd has said that it "shall defend the matter/proceedings through its...

Adani group pips Patanjali to emerge highest bidder with Rs 6,000 crore offer for Ruchi Soya

Billionaire Gautam Adani’s group company on Tuesday offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter told PTI.According to a PTI...
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Scent of Success: 5 winning strategies perfume retailers adopt

From utilising advanced technology to embracing rich cultural heritage, here are some strategies adopted by perfume retailers around the...
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