Future Retail VS Amazon: NCLT Hearing To Continue On June 14

Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points

The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lenders of the company.

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