According to a banking source close to the development, the loans are expected to be sold in the second half of the current financial year
Future Group owes its 26 lenders over Rs 15,000 crore
Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019
NCLT has passed the order after allowing the petition filed by Bank of India (BoI) following loan defaults by FRL -- the flagship firm of the Kishore Biyani-led group
The National Company Law Tribunal on Wednesday ordered insolvency resolution proceedings against Future Retail
The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday
The order said that there is no ground for the termination of the proceedings under Section 32 of the Arbitration Act
Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.
The deal involves a Rs 1,431-crore investment by the US major to purchase a 49 per cent stake in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019
A source said there was a possibility that Reliance may trim the sizes of some of its stores and may also look at shutting down some locations
Warns of legal action to block sale of FRL assets to Reliance Retail as part of a $3.4-billion deal
The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.
A plea seeking initiation of insolvency resolution proceedings against FRL was filed by Bank of India (BoI), the lead banker in the consortium of lenders to the company.
In April, Future Enterprises Ltd's two independent directors Anand Chndrasekaran and Malini Chopra had resigned
Amazon dragged Future Group to arbitration at SIAC in October 2020, arguing that FRL had violated their contract by entering into a deal for sale of its assets to Reliance Retail
Last week, Future Retail's Managing Director Rakesh Biyani stepped down, while officials including the company secretary of the debt-ridden firm tendered resignation
In its letter, InGovern said many directors and key management personnel have resigned in the past year
While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores
Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.
Debt-ridden Future Group said it has completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for Rs 1,266.07 crore