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, …
The National Company Law Appellate Tribunal, New Delhi Bench, comprising of Justice M. Venugopal and Shri Kanthi Narahari, while adjudicating an appeal filed in Prashant Agarwal v Vikash Parasprampuria, has stayed the constitution of the Committee of Creditors in the Corporate Insolvency Resolution Process of Bombay Rayon Fashions Ltd. Nine invoices were raised by the Operational Creditor which was accepted …
The National Company Law Tribunal, Mumbai Bench, comprising of Mr. Kishore Vemulapalli and Mr. Rajesh Sharma, while adjudicating an application filed in Vikash Parasprampuria v Bombay Rayon Fashions Limited, has initiated Corporate Insolvency Resolution Process against Bombay Rayon Fashions Ltd. Background Facts Vikash Parasprampuria is the Sole Proprietor of Chiranjilal Yarn Traders and had supplied goods to Bombay Rayon Fashions …
