Page 2 - Future Brands News Today

The HC had, while issuing notice to the government and various lenders including RBL Bank and Yes Bank, refused to stay the DRT order and posted the matter for hearing on October 18.

The HC had, while issuing notice to the government and various lenders including RBL Bank and Yes Bank, refused to stay the DRT order and posted the matter for hearing on October 18.

Penrhos Spirits Wonky Raspberry gin to be stocked in Sainsburys.

Lenders to Bansi Mall Management Co Pvt Ltd (BMMCPL), which owns SOBO Central Mall in Mumbais Haji Ali area, have initiated Sarfaesi proceedings to recover their dues totalling Rs 571 crore.

PNB, along with Union Bank of India, also has a secondary charge over the companys assets because they together lent ₹350 crore to a group company, Future Brands, with lease rental discounting of BMMCPL as collateral. "These two banks have secondary charge over the assets and will receive their dues only after Canara and PNB recover their principal and interest," a person familiar with the matter said.

Lenders to Bansi Mall Management Co (BMMCPL), which owns SOBO Central Mall in Mumbais Haji Ali area, have initiated Sarfaesi poceedings to recover their dues totalling ₹571 crore. Canara Bank and Punjab National Bank (PNB) are the two primary charge holders as they are direct lenders to the company. Canara Bank is the lead lender with ₹131 crore of loans outstanding, while PNB has primary dues of ₹90 crore, people familiar with the matter said.

These provisions are ultra vires the Act as they operate to obstruct/delay the recovery of loans by banks and other financial institutions and also “confer drastic and extraordinary powers” upon the tribunal to pass interim exparte order without prima facie satisfying that the conditions required for such restraint orders are met, the petition filed through counsel Pallavi Pratap stated.

Future Generali is a joint venture between the India based Future Group and the Italy based Generali Group.

Our guide to Big Food accelerator and incubator programmes as the major groups tap into some of the consumer trends shaping demand.

Best Media Info: Since 2017, Bahl has founded/co-founded three companies including The Happiness Project, 1418 (a platform for 14-18 year-olds) and Happinessperkm (India’s only motorcycling brand built by riders)| Advertising News