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Reliance-Future deal: Lenders, vendors await the fate of their dues

Lenders, vendors await the fate of their dues; many threaten to move courts if they aren't repaid in 15 days

Lenders to Biyani’s personal entities and listed companies are also awaiting the fate of their dues from Future
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It may be good news that a financially strong partner such as RIL is taking over the debt of Future Group firms; the final contours of the deal may entail a haircut for the banks

Dev Chatterjee Mumbai
Meera Singh, a 65-year-old garment supplier in Mumbai, has been waiting for over a year for her dues from Future Retail Ltd. Despite repeated reminders to the then top management, she received only assurances that her dues would be cleared soon.

As the news of Reliance Retail’s takeover of Future hit the headlines, Singh, like hundreds of other vendors, is not sure about the fate of her dues. News that the company has not paid dues worth Rs 1,000 crore to its consumer products distributors has made her more nervous.

“We have only been receiving assurances since January this year

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