Page 45 - Future Group News Today

He was alluding to Reliance Retail, a division of Reliance Industries, taking over 835 Future outlets for Rs 3,000 crore in unpaid rent.

The CEO of Future group, Sadashiv Nayak has resigned in the midst of a legal battle and debt recovery process. Read all about it here!

E-commerce giant Amazon is trying to illegally enter Indias physical retail market via its deal with the Future Group companies, the Confederation of All India Traders (CAIT) said in its appeal to NCLAT.The case pertains to an appeal against ...

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

Get latest articles and stories on Latest News at LatestLY. Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders. Latest News | Future Enterprises Defaults on Rs 2,835.65 Cr Loan Repayment.

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.

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.