Future Retail Limited
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...
Retail
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...
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...
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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...
Big Grid
Delhi HC upholds Singapore arbitrator’s order against Future-Reliance deal
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...
Big Grid
Traders’ bodies urge Amazon to ‘back off’ from Future-RIL deal
Traders' body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to 'back off' from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral damage in the current tussle between the companies.
"Around 6,000 Indian small vendors and suppliers...
Big Grid
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...
Food
Future Retail Q3 revenue down 71% to Rs 1,506.87 crore
Future Retail Ltd has reported a consolidated net loss of Rs 846.92 crore for the third quarter ended on December 2020 as business operations continued to be impacted by the pandemic during the quarter. The company had posted a net...
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