Future Lifestyle Fashions defaults on NCD payments

4 years, 1 month ago

Future Lifestyle Fashions defaults on NCD payments

Live Mint

Future Lifestyle Fashions on Monday reported default on payments for its non-convertible debentures. In a regulatory filing, the company said it has defaulted on "Payment of annual interest of ₹30.93 crore for the period between 10 November 2019 to 09 November 2020." The company had requested the debenture holders to extend the date of payment of annual interest and principal up to January 2021, which has been agreed by two out of three debenture holders. "However, one Debenture holder has not conveyed its consent to the request made by the Company and exercised put option on the NCDs for the value date on 09 November 2020.

Ncd debenture revenue pandemic crore principal interest defaults fashions payments company future payment date default lifestyle ncd

History of this topic

Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

2 years, 3 months ago

Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

Live Mint

Kishore Biyani's Future Enterprises announced defaulting on over ₹15.73 crore interest dues on non-convertible debentures. As per the regulatory filing, Future Enterprises defaulted on interest dues of more than ₹15.73 crore for period from March 21, 2022 to September 19, 2022. While the gross principal amount on which Future Enterprises defaulted is ₹327 crore --- of which ₹130.60 crore is …

Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

2 years, 5 months ago

Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

The Hindu

Debt-ridden Future Enterprises Ltd. has defaulted on interest payment of ₹4.10 crore for its non-convertible debentures. “The company is unable to service its obligations in respect of the interest on non-convertible debentures was due on June 24, 2022,” it said. Earlier this week, FEL defaulted twice on interest payments of ₹85.71 lakh and ₹6.07 crore for its non-convertible debentures. FEL …

Discover Related

₹1 penny stock completes raising of funds through NCDs. Details here

4 days, 21 hours ago

₹1 penny stock completes raising of funds through NCDs. Details here

Live Mint

Penny stock Standard Capital Markets on Friday, December 20, informed through an exchange filing on the BSE that its board of directors approved the issuance of non-convertible debentures on a private placement basis for ₹15 crore. "The board of directors of the company in its meeting held on December 20, has approved the allotment of 1,500 unrated, unlisted, secured NCDs …

Company Penny Stock Standard Capital Markets

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

2 weeks, 4 days ago

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that upon declaration of the loan account/ debt as NPA that date can be reckoned as the date of default to enable the Financial Creditor to initiate action under Section 7 of the Code. There being default by the Corporate Debtor prior to 01.03.2020 and also …

Corporate Bank Application Debt Period Date File

Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

3 months, 3 weeks ago

Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

Live Mint

NCD Issue: Adani Enterprises Limited has launched a public issue of secured, rated, listed, redeemable, non-convertible debentures valued at ₹1,000 each, aiming to raise ₹400 crore initially. The company has also included a green shoe option, allowing for an oversubscription of up to ₹400 crore, bringing the total potential issue size to ₹800 crore, as per an exchange filing. Medium-term …

Interest Rates Interest Cent Ncd Bse Ncds

NCLT Orders Liquidation Of Future Retail

4 months, 3 weeks ago

NCLT Orders Liquidation Of Future Retail

Live Law

The National Company Law Tribunal Mumbai bench ordered the liquidation of Future Retail Limited marking the end of the company's long-standing presence in India's retail market. The decision was made by a bench comprising Judicial Member Kuldip Kumar Kareer and Technical Member Anil Raj Chellan who held that the corporate insolvency resolution process exceeded its maximum permissible period without any …

Retail Future Resolution Plan Nclt Coc Cirp

SP group firm Goswami’s high-yield debt sees ratings cut

6 months, 3 weeks ago

SP group firm Goswami’s high-yield debt sees ratings cut

Live Mint

Financing plans of Shapoorji Pallonji group have received a setback with Care Ratings cutting the credit rating of group company Goswami Infratech Pvt. “The rating continues to remain tempered by the low operating cash flows of GIPL, with the entity being holding company and no major cashflow in form of interest/dividend either received in past or expected in the period …

Care Crore Group Rating Goswami Ncds Sp Group

This NBFC offers non convertible debentures with coupon rate upto 9.85%: Should you invest?

6 months, 3 weeks ago

This NBFC offers non convertible debentures with coupon rate upto 9.85%: Should you invest?

Live Mint

360 One Prime has launched an issue of non-convertible debentures. The debt instruments are offering an interest rate of up to 9.85 per cent per annum and has a high credit rating of Crisil AA Stable. Non-convertible debentures refer to fixed-income instruments, which are issued by entities in the form of a public issue and offer a high interest rate …

Interest Rate 10 Years 5 Years Convertible Non Debentures

Multiple Compensations For A Single Default Is Unjustified: NCDRC

6 months, 3 weeks ago

Multiple Compensations For A Single Default Is Unjustified: NCDRC

Live Law

The National Consumer Disputes Redressal Commission, presided by Subhash Chandra alongside Sadhna Shanker, held M/S. Exact Developers & Promoters liable for deficiency in service but set aside the state commission's order for granting compensation for mental agony, as multiple compensations cannot be granted for a single default. If the developer failed to do so, the complainants were entitled to refund …

Interest Commission Developer Mental Agony Possession Unit Complainants

NCLT Mumbai: Corporate Guarantor's Date Of Default Is Independent Of Principal Borrower's Date Of Default

10 months, 3 weeks ago

NCLT Mumbai: Corporate Guarantor's Date Of Default Is Independent Of Principal Borrower's Date Of Default

Live Law

The National Company Law Tribunal Mumbai, comprising Justice Mr. Kishore Vemulapalli and Ms. Anu Jagmohan Singh held that the date of default by the Principal Borrower is not relevant to determine the date of default by the Corporate Guarantor. NCLT Verdict: The NCLT Mumbai allowed the application and held that the date of default by the Principal Borrower is not …

Mumbai Corporate Financial Corporate Debtor Date Nclt Default

Edelweiss announces public issue of redeemable NCDs worth ₹250 crore

11 months, 2 weeks ago

Edelweiss announces public issue of redeemable NCDs worth ₹250 crore

Live Mint

On January 9, 2024, Edelweiss Financial Services unveiled its public offering of secured redeemable non-convertible debentures. There are 10 sets of NCDs featuring fixed coupons and varying tenures of 24 months, 36 months, 60 months, and 120 months, offering annual, monthly, and cumulative interest options. The effective annual yield for these NCDs falls within the range of 8.94 per cent …

Issue Ncds

NCLAT New Delhi: Date Of Default As Per One Time Restructure Agreement Shall Be Date Of Default

1 year, 2 months ago

NCLAT New Delhi: Date Of Default As Per One Time Restructure Agreement Shall Be Date Of Default

Live Law

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan and Barun Mitra, dismissed an appeal filed in Pradeep Madhukar More vs. Central Bank of India. The Appellate Tribunal held that if the Bank has entered into One Time Restructuring Agreement with the Corporate Debtor, the date of default for the purpose of Section 10A …

Corporate Central Bank Bank Agreement Date Nclat Code

Muthoot Finance to raise ₹700 crore via issue of non-convertible debentures

1 year, 3 months ago

Muthoot Finance to raise ₹700 crore via issue of non-convertible debentures

Live Mint

Muthoot Finance Ltd on Thursday announced its 32nd series of public issue of secured redeemable non-convertible debentures of face value of ₹1,000 each. “Our 32nd NCD issue is open for subscription, and the interest rate offered on NCDs has been increased by 0.50%. This provides our investors a dual advantage of a higher rating and attractive interest rate ranging 8.75% …

Issue Ncd Rate This Issue Secured Muthoot Finance

Benefit U/S 10A Of IBC Can Only Be Claimed When Default Occurs During Prohibited Period: NCLAT Delhi

1 year, 10 months ago

Benefit U/S 10A Of IBC Can Only Be Claimed When Default Occurs During Prohibited Period: NCLAT Delhi

Live Law

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Barun Mitra, while adjudicating an appeal filed in Vishal Agarwal v ICICI Prudential Real Estate AIF-I & Anr., has held that benefit under Section 10A of IBC can only be claimed when there is clear default during the prohibited period. Notwithstanding anything contained in sections …

Corporate Financial Corporate Debtor Period 2019 Bench Nclat

IIFL Finance to raise funds via public issue of NCDs; issue to open this week

1 year, 11 months ago

IIFL Finance to raise funds via public issue of NCDs; issue to open this week

Live Mint

IIFL Finance is planning to raise through the public issue of non-convertible debentures. The Tranche I Issue consists of public issue by the company of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each for an amount upto ₹1,000 million with an option to retain oversubscription upto ₹9,000 million aggregating to ₹10,000 million, which is within the Shelf Limit …

Issue Iifl Finance Public Issue Debentures Ncds

NHAI’s new NCDs offer returns of over 8%; All you need to know

2 years, 2 months ago

NHAI’s new NCDs offer returns of over 8%; All you need to know

Live Mint

The National Highways Authority of India has come out with its new Non-Convertible Debentures issue to raise up to Rs 1500 crores. The bonds, issued by the National Highways Infra Trust, would pay 7.90 per cent interest semi-annually, which is slightly higher than the interest rate offered by bank- The tenure of the investment has been fixed at 25 years, …

Investment Institutional Investors Investors Fund Issue Face Value Ncds

Bank Of India Files Insolvency Plea Against Kishore Biyani Led Future Lifestyle Fashions

2 years, 3 months ago

Bank Of India Files Insolvency Plea Against Kishore Biyani Led Future Lifestyle Fashions

Live Law

Future Lifestyle Fashions Ltd. is the flagship fashion business of the Mr. Kishore Biyani led Future Group of companies, which have dominated the retail sector in India for years. Future Retail Ltd., which operates popular retail chains such as Big Bazaar, Foodhall, Easyday Club and WH Smith, was admitted into Corporate Insolvency Resolution Process by NCLT Mumbai Bench on 20.07.2022, …

India Bank Nclt Led Petition Ibc Bank Of India

OTS Proposal Is An 'Acknowledgement Of Debt' Under Section 18 Of Limitation Act: NCLAT Delhi

2 years, 5 months ago

OTS Proposal Is An 'Acknowledgement Of Debt' Under Section 18 Of Limitation Act: NCLAT Delhi

Live Law

The National Company Law Appellate Tribunal, New Delhi Bench, comprising of Justice Anant Bijay Singh and Ms. Shreesha Merla, while adjudicating an appeal filed in Tejas Khandhar v Bank of Baroda, has held that a One Time Settlement proposal falls within the definition of 'acknowledgement of debt' under Section 18 of the Limitation Act, 1963. Further, the acknowledgment must be …

Corporate Financial Proposal Debt Limitation Act Filed Bench

Limitation Is Refreshed Each Year When Corporate Debtor Admits Debt In Its Financial Statements: NCLT Kolkata Initiates CIRP Against GIT Textiles

2 years, 5 months ago

Limitation Is Refreshed Each Year When Corporate Debtor Admits Debt In Its Financial Statements: NCLT Kolkata Initiates CIRP Against GIT Textiles

Live Law

The National Company Law Tribunal, Kolkata Bench, comprising of Shri Rohit Kapoor and Shri Harish Chander Suri, while adjudicating an application filed in UCO Bank v GIT Textiles Manufacturing Limited, has initiated Corporate Insolvency Resolution Process against GIT Textiles Manufacturing Ltd. for a default that had occurred in 2012 and has held that limitation refreshed each subsequent year when the …

Corporate Corporate Debtor Limitation Held Bench Default Irp

Future Retail Plunges 16% In Two Days; Group Shares Hit All-Time Low

2 years, 9 months ago

Future Retail Plunges 16% In Two Days; Group Shares Hit All-Time Low

ABP News

New Delhi: Future Group companies’ shares continued to remain under pressure on Monday as most of the group’s listed firms traded at their all-time low. Future Retail, Future Supply Chain, and Future Lifestyle Fashions hit their respective all-time low on the BSE in intra-day trade on Monday. As the company informed exchanges that the group has called for a meeting …

Retail Future Group Cent Low Future Retail Future Group

Future-RIL deal protects banks from a $2.2-bn hit

4 years, 3 months ago

Future-RIL deal protects banks from a $2.2-bn hit

Live Mint

Future Group lenders have been saved from a $2.2 billion hit on their exposure to the conglomerate after the company announced a stake sale of its businesses to Reliance Industries Ltd for ₹24,713 crore on Saturday. Post the deal, Mukesh Ambani’s Reliance Retail Ventures will hold a 13.14% stake in Kishore Biyani’s Future Enterprises Ltd and will assume debt of …

Debt Payment Crore Notes Reliance Retail Ril Future Retail

Kishore Biyani-led Future Retail pays up $14 million interest

4 years, 4 months ago

Kishore Biyani-led Future Retail pays up $14 million interest

Live Mint

Kishore Biyani’s flagship company Future Retail Ltd, which runs the popular supermarket chain BigBazaar, on Monday said it has paid $14 million in pending interest on dollar bonds, after missing last month’s due date. “In furtherance to our letter dated 22 July 2020, wherein we had informed about the grace period of 30 days for making payment of interest on …

Interest Payment Future Retail Usd Notes

DHFL defaults on NCD repayments of ₹50 crore; says can’t pay due to moratorium restrictions

4 years, 5 months ago

DHFL defaults on NCD repayments of ₹50 crore; says can’t pay due to moratorium restrictions

Live Mint

DHFL has defaulted on payment of ₹50 crore on bonds, saying the company is not in a position to make payments to the lenders as it is under moratorium since last November. The payment has not been made by the company to the respective investors of the secured NCDs for a principal amount of ₹50 crore due on July 3, …

Bank Pay Payment Company Ncd Cirp Dhfl