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NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17
The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023.
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Reliance Retail Among Prospective Buyers For Future Enterprises
Three companies, including Reliance Retail Ventures Ltd (RRVL), have been selected as " prospective" buyers for Future Enterprises, which is currently undergoing the Corporate Insolvency Resolution Process.
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Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
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Reliance, Adani Group, And Jindal Power Show Interest In Future Retail
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process.
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"Have To Accept Reality": Future Retail Chairman Kishore Biyani Resigns
Kishore Biyani has stepped down from the suspended board of Future Retail and has resigned as chairman and director of the company, which is currently facing insolvency proceedings before the NCLT.
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Gautam Adani And Mukesh Ambani-Led Groups Bid For Debt-Ridden Future Retail: Report
Gautam Adani, and Mukesh Ambani have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows.
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Deadline For Future Retail Bid Extended Due To Weak Interest: Report
The resolution professional for India's debt-laden Future Retail Ltd has extended the deadline for potential buyers to submit their bids for the retailer, due to tepid interest, two banking sources said on Friday.
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Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
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Debt-Ridden Future Retail's Lenders Submit Loan Claims Of $2.64 Billion
Lenders to India's Future Retail Ltd have submitted loan claims of about 210.58 billion rupees ($2.64 billion) under the ongoing insolvency process.
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Lenders' Insolvency Proceedings Plea Against Future Retail Accepted By Companies' Court
The National Company Law Tribunal (NCLT) admits lenders' plea for initiating insolvency proceedings against Future Retail Ltd and rejects Amazon's objection.
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Amazon Executive Says Bullish On India, Compliant With Laws
Amazon is bullish on the Indian market, and is "absolutely" compliant with laws and regulations in the country, a top company executive said
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Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points
The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lend...
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NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
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Government Hopes Inflation To Moderate In Near Future, Says Top Official
Inflation is likely to come down in coming months as Government and RBI have taken measures to lower prices, Economic Affairs Secretary Ajay Seth said
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Future Retail Denies Amazon's Claim Of "Fraudulent Stratagem"
Future Retail Ltd (FRL) has denied Amazon's allegations that the debt-ridden firm's independent directors facilitated a "fraudulent stratagem" in transferring 835 stores to the Reliance group, saying the e-commerce major has been making "baseless" and "irrelevant" claims.
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NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17
The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023.
-
Reliance Retail Among Prospective Buyers For Future Enterprises
Three companies, including Reliance Retail Ventures Ltd (RRVL), have been selected as " prospective" buyers for Future Enterprises, which is currently undergoing the Corporate Insolvency Resolution Process.
-
Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
-
Reliance, Adani Group, And Jindal Power Show Interest In Future Retail
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process.
-
"Have To Accept Reality": Future Retail Chairman Kishore Biyani Resigns
Kishore Biyani has stepped down from the suspended board of Future Retail and has resigned as chairman and director of the company, which is currently facing insolvency proceedings before the NCLT.
-
Gautam Adani And Mukesh Ambani-Led Groups Bid For Debt-Ridden Future Retail: Report
Gautam Adani, and Mukesh Ambani have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows.
-
Deadline For Future Retail Bid Extended Due To Weak Interest: Report
The resolution professional for India's debt-laden Future Retail Ltd has extended the deadline for potential buyers to submit their bids for the retailer, due to tepid interest, two banking sources said on Friday.
-
Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
-
Debt-Ridden Future Retail's Lenders Submit Loan Claims Of $2.64 Billion
Lenders to India's Future Retail Ltd have submitted loan claims of about 210.58 billion rupees ($2.64 billion) under the ongoing insolvency process.
-
Lenders' Insolvency Proceedings Plea Against Future Retail Accepted By Companies' Court
The National Company Law Tribunal (NCLT) admits lenders' plea for initiating insolvency proceedings against Future Retail Ltd and rejects Amazon's objection.
-
Amazon Executive Says Bullish On India, Compliant With Laws
Amazon is bullish on the Indian market, and is "absolutely" compliant with laws and regulations in the country, a top company executive said
-
Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points
The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lend...
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NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
-
Government Hopes Inflation To Moderate In Near Future, Says Top Official
Inflation is likely to come down in coming months as Government and RBI have taken measures to lower prices, Economic Affairs Secretary Ajay Seth said
-
Future Retail Denies Amazon's Claim Of "Fraudulent Stratagem"
Future Retail Ltd (FRL) has denied Amazon's allegations that the debt-ridden firm's independent directors facilitated a "fraudulent stratagem" in transferring 835 stores to the Reliance group, saying the e-commerce major has been making "baseless" and "irrelevant" claims.
