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NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17
The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023.
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Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
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Kishore Biyani Withdraws Resignation From Future Retail's Suspended Board
Almost one and a half months after resigning from the suspended board of debt-ridden Future Retail Ltd, Kishore Biyani has withdrawn his resignation.
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Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
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Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points
The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lend...
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Amazon Said to Issue Notice to Future Group, Asks Them to Refrain Transaction With Reliance Industries
Amazon has reportedly sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group. The e-commerce giant said that the scheme of arrangement between Future Group and Reliance was rejected by the creditors of Future Retail Limited.
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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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Bankruptcy A Reality For Future Retail As Secured Creditors Reject Reliance Deal: Key Highlights
Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.
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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Despite Amazon's Protest, Future Retail Holds Shareholders' Meet To Approve Sale To Reliance
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
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Amazon, Future Agree To Arbitration At Singapore Tribunal In Bitter Feud: 10 Points
Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.
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Supreme Court To Expedite Hearing On Amazon's Future Group Plea: 10 Points
On Tuesday, the Supreme Court said that it would expedite the hearing on Amazon's interim plea seeking preservation of Future Retail Limited's (FRL) assets apart from resumption of arbitration on merger deal with Reliance Retail
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Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
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NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17
The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023.
-
Future Retail Granted 90 Days Extension For Concluding Insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
-
Kishore Biyani Withdraws Resignation From Future Retail's Suspended Board
Almost one and a half months after resigning from the suspended board of debt-ridden Future Retail Ltd, Kishore Biyani has withdrawn his resignation.
-
Future Retail Insolvency: Expression Of Interest Invited From Prospective Buyers By Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP).
-
Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points
The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lend...
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Amazon Said to Issue Notice to Future Group, Asks Them to Refrain Transaction With Reliance Industries
Amazon has reportedly sent a notice to Future Group promoters asking them to refrain from entering into any kind of transaction with Reliance Industries group. The e-commerce giant said that the scheme of arrangement between Future Group and Reliance was rejected by the creditors of Future Retail Limited.
-
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.
-
Bankruptcy A Reality For Future Retail As Secured Creditors Reject Reliance Deal: Key Highlights
Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.
-
Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Despite Amazon's Protest, Future Retail Holds Shareholders' Meet To Approve Sale To Reliance
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Amazon, Future Agree in Supreme Court to Appear Before Singapore International Arbitration Centre
Amazon and Future Group agreed before the Supreme Court to resume the arbitration case in Singapore International Arbitration Centre (SIAC) in connection with the merger deal of FRL with Reliance Retail.
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Amazon, Future Agree To Arbitration At Singapore Tribunal In Bitter Feud: 10 Points
Amazon Inc. and Future Retail Ltd. (FRL) agreed to appear before the Singapore Arbitration Tribunal, even as the long-running and bitter legal battle and the resultant accusing-and-the retort continue.
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Supreme Court To Expedite Hearing On Amazon's Future Group Plea: 10 Points
On Tuesday, the Supreme Court said that it would expedite the hearing on Amazon's interim plea seeking preservation of Future Retail Limited's (FRL) assets apart from resumption of arbitration on merger deal with Reliance Retail
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Reliance Said to Be Taking Control of Future Retail Stores and Offer Jobs to Employees Despite Amazon Dispute
Reliance is said to be taking control of Future Retail operations and offering jobs to its employees despite the ongoing dispute with Amazon.
