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Avishek Bambii Das on how OSPREE is driving duty-free innovation

SpaceMantra, which is promoted by former NBCC chairman Anoop Kumar Mittal, has offered Rs 550 crore for the takeover deal. Earlier, Mukesh Ambani-led Reliance Retail and Gautam Adani-led Adani Group backed out of the race to bid for Future Retail.

Last month, Future Retail received approval from the bankruptcy court to extend the date to complete its resolution process by another 90 days to July 15. The earlier deadline was April 16.

The Resolution Professional of FRL, on Monday released the final list of ‘Eligible Prospective Resolution Applicants’.

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The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retail’s resolution professional on Thursday, granted the exclusion of 90 days from the Corporate Insolvency Resolution Process, the company said in a stock exchange update.

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Jindal Power and J.C. Flowers Asset Reconstruction have also shown interest

Jindal Power and J.C. Flowers Asset Reconstruction have also shown interest