Stay updated with breaking news from Resolution Professional. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"Kishore Biyani - Director of the Company, has filed a writ petition before High Court, Bombay, inter alia challenging the Forensic Audit process, including the Forensic Audit Report dated August 09, 2023, submitted to BOI by BDO India," FRL said.Bank of India is the lead creditor of FRL, and CIRP was initiated against the retailer on its plea.
Kishore Biyani, the former promoter of Future Retail, has filed a petition in the Bombay High Court challenging the forensic audit process of the company. Bank of India had asked Biyani and his brother to respond to the findings of the forensic audit report. The resolution professional of Future Retail had replied to the bank's queries.
A total of three lessors moved the Delhi High Court against Go First's RP alleging poor maintenance of aircraft
Jindal Power has sought permission to submit a resolution plan for the acquisition of the insolvent Tuticorin Coal Terminal Pvt. Ltd.
Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.