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The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a 'fraudulent transaction' in the company. 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 und...

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.

The deadline for submission of resolution plans was May 15, 2023, for 48 companies, which were in the final list of 'Eligible Prospective Resolution Applicants'.

Judgments/OrdersCentral Civil Service Rules | Retired Employee Can Be Appointed As Inquiry Authority In Disciplinary Proceedings: Supreme CourtCase title: Union of India v. Jagdish Chandra...

The aviation regulator approved Go First’s plan to restart operations with 15 aircraft and 114 daily flights, subject to certain conditions.