Future Enterprises Defaults On Non Convertible Debentures' Interest Payment
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
Source: ndtv.com
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Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option
Future's top financial creditors include India's largest lender State Bank of India, along with smaller rivals Bank of Baroda and Bank of India