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Future Retail Group

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

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...

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

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

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...

Kishore Biyani withdraws resignation from FRL’s suspended board as Chairman, Director

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...

Kishore Biyani steps down as chairman of Future Retail

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...

Worldmark Aerocity: The next-gen transit retail destination

The world has embraced shopping malls over the last decade, and consumerism has gripped people. Taking advantage of the trend, retailers are opening stores everywhere - high streets, enclosed shopping malls, and open shopping hubs. One such retail destination which...
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