Page 22 - Big Bazaar News Today

Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing.

Future Retail Limited (FRL) counsel on Friday told the Supreme Court that nobody wants to do business with it today as Section 7 of the IBC may come any day, and the company owes landlords thousands of crores in rentals, as Amazon could not get ...

Future Retail Ltd (FRL) on Friday told the Supreme Court that nobody wants to do business with it today as Section 7 of the IBC may come any day, and the company owes landlords thousands of crores in rentals, ruing that as Amazon could not get ...

Future Retail defaults on repayment of Rs 5,322 cr debt

Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs 3,900 crore before March 31, 2022 by way of equity contribution.

“Amazon wanted to destroy us, they have destroyed us,” Harish Salve appearing for Future retail submitted before the court.

Future Retail Ltd, Supreme Court, Amazon, business, Reliance Industries, Future Coupons Pvt Ltd,

Nayak has been with Future Group for around 18 years and had been appointed chief executive in late August.

Future Retail's (FRL) chief executive Sadashiv Nayak on Thursday resigned amid a legal battle and debt recovery.

Future Retails chief executive Sadashiv Nayak has resigned, the company said on Thursday, without citing any reasons, just over seven months after he took the helm at one of Indias largest... | March 31, 2022