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Kishore Biyani moves Bombay High Court challenging forensic audit report which alleged fraud in Future Retail accounts

The founder of the Future Group, Kishore Biyani, has approached the Bombay High Court challenging the forensic audit process and report on the accounts of the Future Retail Ltd. (FRL) company. ....

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Only 6 companies bids for Future Retail, big ones such as Reliance and Adani opt-out

Future Retail has a debt of around Rs 30,000 crore and the company is going through Corporate Insolvency Resolution Process (CIRP). ....

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49 players including Reliance, Adani & Jindal Power show interest to acquire assets of Future Retail

As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. ....

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Future Retail: NCLT to hear Amazon's petition opposing insolvency proceedings on June 10

A plea seeking initiation of insolvency resolution proceedings against FRL was filed by Bank of India (BoI), the lead banker in the consortium of lenders to the company. ....

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Future Retail Denies Amazon's Claim Of "Fraudulent Stratagem"

Future Retail Ltd (FRL) has denied Amazon's allegations that the debt-ridden firm's independent directors facilitated a "fraudulent stratagem" in transferring 835 stores to the Reliance group, saying the e-commerce major has been making "baseless" and "irrelevant" claims. ....

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