Future Retail

The regulator found that the entity had found that disclosures on an arbitration proceeding and reward were not sufficient

Mumbai NCLT clears the decks for liquidation of Kishore Biyani-led Future Retail

The bench also appointed Sanjay Gupta as the liquidator in the matter.

SAT quashes Sebi order on Future Retail, lifts Rs 17.78-cr demand on promoter group, Biyanis

The tribunal said that the demerger information was available in the public domain

Kishore Biyani moves Bombay High Court against forensic audit of Future Retail

This was the third extension by the Mumbai bench of the National Company Law Tribunal (NCLT).

Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15

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'.

Reliance Retail, JC Flowers among 46 eligible resolution applicants for Future Retail

The National Company Law Tribunal on July 20, 2022 initiated an insolvency resolution process against Future Retails following loan default

NCLAT refuses to restrain Salman Khan from taking over his Mumbai property

Actor Salman Khan in 2017, leased an area of 27,650 sqft spread over four floors to TNSI Retail Private Limited, a subsidiary of Future Retail Limited, in Mumbai to run its Foodhall supermarket

NCLT grants 90 days extension to Future Retail for concluding insolvency

Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL.

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game

Future Retail up nearly 4% after Kishore Biyani withdraws resignation

The withdrawal came after the debt-ridden company, which is currently undergoing insolvency proceedings, said that “the resolution professional objected to the contents of (Biyani’s resignation) letter” and requested him to recall the letter.

Future Retail executive chairman Kishore Biyani withdraws resignation

Kishore Biyani had submitted his resignation on January 23, amid the ongoing insolvency proceedings.

Future Retail directors caused Rs 14,809 cr loss to creditors: Resolution Professional TO NCLT

In the application filed before the Mumbai bench of the NCLT, the Resolution Professional (RP) has sought direction from the tribunal against the present and erstwhile directors of FRL "to contribute the amount to the company", Future Retail Ltd (FRL) said in a regulatory filing.

Kishore Biyani steps down as Chairman, Director of Future Retail

"The resignation letter of Mr. Kishore Biyani shall be placed before the Committee of Creditors, as per the Insolvency and Bankruptcy Code, 2016 read with rules and regulations framed thereunder," Future Retail said in a regulatory filing.

SC agrees to hear Amazon's plea against CCI suspension of approval to 2019 deal

Amazon has challenged an NCLAT order that upheld CCI's decision to keep in abeyance the approval for Amazon's 2019 investment deal with Future Coupons Pvt Ltd

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

SEBI appoints Chokshi & Chokshi to conduct forensic audit of Future Retail’s financial statements

The audit of Future Retail's related party transactions will be conducted in relation to Future Supply Chain, Future Enterprises, and Future Consumer.

Explained | NCLT orders insolvency proceedings against Future Retail: Five key questions answered

With the NCLT order, banks can now formally initiate insolvency proceedings against Future Retail and try to recover the more than Rs 5,300 crore owed to them.

NCLT initiates insolvency proceedings against Future Retail

Vijaykumar V Iyer of Deloitte will be appointed as the interim resolution professional of Future Retail, the NCLT has said

Kotak Bank-backed ARC acquires Rs 1,470 crore loan portfolio from L&T Finance: Report

According to the report, L&T Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66 per cent.

Singapore panel rejects Future plea to terminate arbitration proceedings with Amazon

It noted that the CCI order keeping its approval for Amazon-FCPL deal in abeyance did not render arbitration proceedings unnecessary or impossible.

NCLT reserves order on initiating insolvency proceedings against Future Retail

A consortium of lenders, led by Bank of India, filed the insolvency application on April 14, seeking claims of Rs 5,322.32 crore from Future Retail as of March 31

Bank of India says Future Retail’s insolvency petition “fully and wholly” satisfies parameters

Bank of India on April 14 filed insolvency proceedings against Future Retail for non-payment of dues. Future Retail owes banks Rs 5,322.32 crore as of March 31, according to Bank of India’s petition in the NCLT.

Future Retail says not wilful defaulter, resists insolvency plea by Bank of India

Future Retail’s counsel also alleged that there was a refusal on part of banks to take control of assets, in order to reduce, if not extinguish, the debt that was owed.