Future Retail Limited

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FUTURE RETAIL LIMITED NEWS

Only 6 companies bid for Future Retail, big ones such as Reliance and Adani opt-out

May 18, 2023 9:53 am

Future Retail has a debt of around Rs 30,000 crore and the company is going through Corporate Insolvency Resolution Process (CIRP).

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Future Retail gets NCLT nod to push insolvency deadline

April 15, 2023 6:08 am

The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retail’s resolution professional on Thursday, granted the exclusion of 90 days from the Corporate Insolvency Resolution Process, the company said in a stock exchange update.

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Sebi initiates forensic audits of 2 Future companies

August 05, 2022 2:05 am

The markets regulator has also appointed Chokshi & Chokshi LLP, a chartered accountant firm, as the forensic auditor, two Future Group companies informed the stock exchange in separate statements.

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FRL shareholders to be hit if banks opt for IBC resolution

April 25, 2022 5:21 am

RIL has said the takeover proposal can’t be implemented as secured creditors rejected the plan

Future Retail takeover can’t be implemented, says RIL in filing

April 24, 2022 7:14 am

On Friday, secured lenders rejected Future Retail Limited’s (FRL) Rs 24,713 crore deal to sell its assets to Reliance Retail Ventures Ltd (RRVL), a subsidiary of RIL.

FRL asset sale to Reliance Retail: Creditors reject but shareholders okay

April 23, 2022 6:13 am

A majority of 69.29 per cent of secured creditors of FRL voted against the resolution while 30.71 per cent voted in favour of it, FRL said in a regulatory filing.

FRL meet: Some banks not in favour of RIL deal

April 22, 2022 10:04 am

FRL is yet to officially declare the meeting’s outcome. “If top banks are opposing the sale to RIL, the deal is likely to fall through. The next option is to take the IBC route,” said a banking source.

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Future Retail defaults

April 02, 2022 2:03 am

According to Future Retail, due to ongoing litigations with Amazon.com NV Investment Holdings LLC and other connected issues, the company was not able to complete the activities in relation to raising of funds by way of equity contribution and also payment of obligations on due date.

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

April 01, 2022 2:57 pm

A bench headed by Chief Justice N V Ramana, which has now posted the plea of US e-commerce major for further hearing on April 4, said the landlords of the FRL's shops are not before it and the question is if such an order restraining the alienation of assets till conclusion of arbitration can be passed.