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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Future Enterprises To Sell Insurance Business To Avoid Insolvency
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
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Reliance Retail's March Quarter Pre-Tax Profit Rises To Rs 3,705 Crore
Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022
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Future Group Entities' Shares Tank Again After Reliance Deal Fails: 10 Points
Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.
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Future Group Plans To Revamp Supply Chain, Lifestyle Entities
Debt-ridden Future Group is now focusing on saving and rebuilding firms such as - Future Lifestyle Fashions, Future Supply Chain Solutions
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Future Group Firms' Shares Plunge Nearly 20% After Reliance Deal Falls Through
Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.
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Reliance Cancels Retail Deal After Future Group's Secured Creditors Voted Against It
The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.
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Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
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Future Enterprises Defaults On Non Convertible Debentures' Interest Payment
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
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Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
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Amazon Warns Future Retail Against Holding Shareholders' Meet On Asset Sale To Reliance Retail
Amazon has warned Future Retail Ltd against holding meetings of its shareholders to approve the sale of its retail assets to Reliance Retail
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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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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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Supreme Court To Expedite Hearing On Amazon's Plea On Future Group's Asset Preservation
Supreme Court has said it would list for hearing "as early as possible" the interim plea of Amazon seeking preservation of Future Retail's assets
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Future Enterprises To Sell Insurance Business To Avoid Insolvency
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
-
Reliance Retail's March Quarter Pre-Tax Profit Rises To Rs 3,705 Crore
Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022
-
Future Group Entities' Shares Tank Again After Reliance Deal Fails: 10 Points
Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.
-
Future Group Plans To Revamp Supply Chain, Lifestyle Entities
Debt-ridden Future Group is now focusing on saving and rebuilding firms such as - Future Lifestyle Fashions, Future Supply Chain Solutions
-
Future Group Firms' Shares Plunge Nearly 20% After Reliance Deal Falls Through
Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.
-
Reliance Cancels Retail Deal After Future Group's Secured Creditors Voted Against It
The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.
-
Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
-
Future Enterprises Defaults On Non Convertible Debentures' Interest Payment
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
-
Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
-
Amazon Warns Future Retail Against Holding Shareholders' Meet On Asset Sale To Reliance Retail
Amazon has warned Future Retail Ltd against holding meetings of its shareholders to approve the sale of its retail assets to Reliance Retail
-
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.
-
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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Supreme Court To Expedite Hearing On Amazon's Plea On Future Group's Asset Preservation
Supreme Court has said it would list for hearing "as early as possible" the interim plea of Amazon seeking preservation of Future Retail's assets
