Future Retail share price tanks 4.5% after resolution professional moves NCLT against Kishore Biyani for alledged fraud
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Future Retail Ltd: Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transaction, ET Retail
This application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL). The Transaction Review Auditor was to assist RP in his duties and the determination, wherein a transaction has been reported under Section 66 of the Code for adjudication by the NCLT.
Source: indiatimes.com
Stocks in news: Adani Power, JSW Energy, IndiGo, Cipla, Religare
GQG Partners Emerging Market Fund bought 10,284,024 shares or 0.6% stake in JSW Energy at Rs 341.70 apiece for Rs 351 crore.
Source: indiatimes.com
Future Retail Ltd: Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15, ET Retail
The resolution professional of debt-ridden Future Retail Ltd has approached the National Company Law Tribunal, seeking a further extension till September 15 to complete the corporate insolvency resolution process. The RP has moved an application before the Mumbai bench of NCLT, to exclude a period of 29 days from CIRP of Future Retail.
Source: indiatimes.com
Future Retail seeks NCLT extension of insolvency deadline until September 15
Future Retail's Resolution Professional seeks extension until September 15 to finalize Corporate Insolvency Resolution Process.
Source: livemint.com