Future Retail insolvency: More entities join the race to acquire bankrupt firm
48 companies have submitted their expression of interest
Source: theweek.in
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Future Retail insolvency process: 48 cos selected as eligible prospective bidders
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets in...
Source: rediff.com
Are brands not celebrating Ramzan this year?
Eid campaigns from 2022 saw a wide range of creatives. However, the trend seems to have changed this year.
Source: afaqs.com
Online Grocery Battle: Amazon Fresh Heads Smaller Cities
Amazon Fresh has expanded to more than 50 cities in India . more than 50% of its customers are from Tier-II and III cities.
Source: inc42.com
NCLT grants 90 days extension to Future Retail for concluding insolvency
Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL.
Source: moneycontrol.com