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

PTI -
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 filing New Delhi: The resolution professional (RP) 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...
Retail

FRL’s digital database prior to insolvency not available for verification, says Compliance Officer

PTI -
The company has now initiated the process of inviting competitive quotes to purchase the software necessary for the maintenance of the structured digital database to comply with Sebi regulations New Delhi: Future Retail's structured digital database prior to the corporate...
Latest News

FRL’s digital database prior to insolvency not available for verification, says Compliance Officer

Indiaretailing Bureau -
The company has now initiated the process of inviting competitive quotes to purchase the software necessary for the maintenance of the structured digital database to comply with Sebi regulations New Delhi: Future Retail's structured digital database prior to the corporate insolvency...
Latest News

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

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

Indiaretailing Bureau -
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...
Big Grid

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

Indiaretailing Bureau -
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...
Retail

Future Group challenges court order blocking Reliance deal

Indiaretailing Bureau -
Kishore Biyani-led Future Retail moved the Delhi High Court on Wednesday against its single judge order directing the company to maintain status quo on its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon. The...
Food

Baba Ram Dev, Acharya Balkrishna appointed to Ruchi Soya board

Indiaretailing Bureau -
Patanjali Ayurved group firm Ruchi Soya Industries Ltd's shareholders have approved the appointment of Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna on the company's board. In a regulatory filing, Ruchi Soya, which sells soya...
Fashion

V2 Retail settles dispute with creditor, expects to come out of insolvency

Indiaretailing Bureau -
V2 Retail has settled its payment-related dispute with an operational creditor and expects to come out of the insolvency proceedings, according to Ram Chandra Agarwal, the Chairman of the suspended board of the company. V2 Retail has made payment...
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Home Decor & FurnishingIndiaretailing Bureau -

Home furnishings brand OBEETEE launches new outlet in Ahmedabad

Located at Bodakdev, the new outlet is the only OBEETEE store to house its complete furniture range Bengaluru: Handcrafted carpets...
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