Insolvency Of Future Retail
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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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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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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.
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
