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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
Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application
2 years, 5 months ago

Bank Of India V Future Retail: NCLT Mumbai Reserves Order On Amazon's Intervention Application

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while adjudicating an intervention application filed by Amazon in Bank of India v Future Retail Ltd., has vide an order dated 27.06.2022 reserved the matter for orders on the intervention application. Brief introduction Future Retail Ltd. is the flagship company of the Kishore …

Retail Future Bank Intervention Deal Ril Bank Of India
NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea
2 years, 7 months ago

NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while hearing a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, titled Bank of India v Future Retail Ltd., has granted time to Future Retail Ltd. for filing a reply to the petition. Future Retail Ltd. is the flagship …

India Future Bank Nclt Deal Petition Petitioner
RIL Says Future Deal Can't be Implemented After Secured Creditors Voted Against it
2 years, 8 months ago

RIL Says Future Deal Can't be Implemented After Secured Creditors Voted Against it

News 18  

Reliance Industries Limited on Saturday announced that its arrangement with Future Group for the latter’s transfer of its retail, wholesale, logistics and warehouse assets for a consideration of Rs 24,713 crore to Reliance Retail Ventures Limited cannot be implemented, after the secured creditors of the entities that comprise the Kishore Biyani-led group voted against the deal. Unsecured creditors and shareholders …

Future Deal Scheme Voted Creditors Ril Secured
Banks act against Future Retail for missing payments
2 years, 10 months ago

Banks act against Future Retail for missing payments

The Hindu  

Lenders to Future Retail have started classifying loans to the firm as a ‘non-performing asset’ after the retailer missed payments to the banks, they told the Supreme Court in a filing. Citing its dispute with Amazon, FRL last month challenged its lenders in the top court to avoid facing insolvency proceedings or being classified as a defaulter, after it missed …

Retail Frl Certain Payments
Supreme Court Seeks Banks' Response To Future Retail's Plea To Defer Coercive Steps Over Loan Default
2 years, 10 months ago

Supreme Court Seeks Banks' Response To Future Retail's Plea To Defer Coercive Steps Over Loan Default

Live Law  

The Supreme Court of India on Tuesday directed the consortium of 27 banks to file an affidavit in response to the writ petition filed by Future Retail Ltd seeking the deferral of coercive actions over loan defaults.A Bench comprising the Chief Justice of India NV Ramana, Justice AS Bopanna and Justice Hima Kohli also asked FRL to serve copy to …

Security Retail Supreme Court Future Facilities Agreement Supreme