Page 5 - Big Bazaar News Today

HDFC Bank, which had initially raised concerns about SpaceMantras debt resolution proposal for Future Retail Ltd (FRL), surprised everyone by voting in favor of the Rs 550 crore offer. However, the offer did not receive the necessary majority support. The voting results showed that 58.38% of lenders voted against SpaceMantras offer, which means that the company may now be liquidated.

Kishore Biyani-promoted Future Retail, which is undergoing a corporate insolvency process, received only one eligible resolution plan from Space Mantra even as large conglomerates such as Adani Group and Reliance Industries had made expressions of interest.

The government is revving up in a big way to achieve Indias startup ambitions. A detailed plan is in the works to energise the ecosystem and remove all impediments to investment in the sector, were told. This and more in todays ETtech Morning Dispatch.

A total of Rs 40,000, Rs 39,900, and Rs 40,000 were deducted from the mans account. Delhi man realised that his debit card had been hacked when he noticed these unauthorised transactions, leading him to block his debit card and report the incident to Flipkart and ICICI Bank.

New Delhi, Sep 13 (IANS) Delhi Police have registered an FIR after a 28-year-old man was allegedly defrauded of over Rs 1 lakh after he clicked a lucrative advertisement in the name of ‘Big Bazaar’ on a social media application offering almost 75 per cent discount on items. 

Jamshedpur: Uproar over death of Jio contract worker, agreement on compensation of Rs 8 lakh | Administration News | The Avenue Mail

Bank highlights procedural lapses in the resolution process to lenders.

Latest News. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol.

The resolution professional of debt-ridden Future Retail Ltd has approached the National Company Law Tribunal, seeking a further extension till September 15 to complete the corporate insolvency resolution process. The RP has moved an application before the Mumbai bench of NCLT, to exclude a period of 29 days from CIRP of Future Retail.

The deadline for submission of resolution plans was May 15, 2023, for 48 companies, which were in the final list of Eligible Prospective Resolution Applicants.