Page 4 - Future Retail News Today

The NCLT had granted four extensions to FRL for completion of the CIRP and the last date was September 30. After that there was no extension in the deadline

In a landmark ruling, the Supreme Court upheld the constitutional validity of the personal guarantor provisions found in the Insolvency and Bankruptcy Code (IBC). This opens the door for lenders to pursue recovery against individuals such as Kishore Biyani of Future Retail, Venugopal Dhoot of Videocon Industries, and Anil Ambani of ADA Group. ET explains how the sequence has implications

India Business News: Future Retail, the bankrupt company owned by Kishore Biyani, may be headed for liquidation after its resolution plan was rejected by lenders. The inso

Future Retail confirmed the insolvency professionals move to initiate the liquidation process. The application for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016, was filed with the National Company Law Tribunal (NCLT), Mumbai bench, on November 9.

Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitab

On Friday, Lloyd Austin, the Defense Secretary of the United States, declared a collaborative effort between India and the US in the co-production of infantry combat vehicles, signifying a pivotal advancement in their defense industrial partnership. This revelation unfolds against the backdrop of heightened strategic cooperation between the two nations, a response to the escalating military assertiveness demonstrated by China.

The company in a regulatory filing said that the resolution plan submitted by Space Mantra has not been approved by the Committee of Creditors (CoC) of Future Retail.

Kishore Biyani: Future Retail confirmed the insolvency professionals move to initiate the liquidation process. The application for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016, was filed with the National Company Law Tribunal (NCLT), Mumbai bench, on November 9.

Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in

The development comes within a fortnight of the lenders issuing a legal notice to Iyer for putting on the block inventories of Future Retail without seeking their approval. At a voting held on September 30, majority lenders rejected Space Mantras 550-crore plan for Kishore Biyani-promoted Future Retail. Despite five weeks having passed, Iyer has not filed an application for liquidation before the National Company Law Tribunal (NCLT).