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4 days ago · The bankruptcy court has admitted four Future Group companies, including Future Corporate Resources and Central Departmental Stores, under the corporate insolvency resolution process. The Mumbai bench of the National Company Law Tribunal appointed Avil Jerome Menezes as interim resolution professional. These companies defaulted on loans amounting to hundreds of crores, leading to their classification as Non-Performing Assets.
Future Group. In a regulatory filing, Reliance said Future Group companies comprising Future Retail Limited (FRL) and other listed companies involved in the scheme have intimated the...
Jan 26, 2022 · Cash-strapped Future Retail Tuesday moved the Supreme Court to challenge potential insolvency proceedings over missing loan repayments, even as independent directors of the company rejected a Rs 7,000-crore offer by US-based private equity firm Samara Capital backed by Amazon.
Apr 23, 2022 · In a regulatory filing, Reliance said Future Group companies comprising Future Retail Limited (FRL) and other listed companies involved in the scheme have intimated the results of the voting on the scheme of arrangement by their shareholders and creditors at their respective meetings.
Apr 20, 2022 · Future Group has proposed to transfer ₹12,612 crore owed to lenders, and domestic and offshore bondholders to RIL. Against outstanding loans of ₹28,921 crore owed by the 19 companies involved in the deal as of January 31, 2022.
Apr 23, 2022 · Reliance Industries “cannot implement” its $3.4 billion deal to acquire core parts of retail chain Future Group after the latter’s secured creditors rejected the offer earlier this week ...
Apr 24, 2022 · Why this could be a setback for Future group. Future group has been defaulting on repayment since last year. On April 1, Future Retail said it failed to infuse Rs 3,900 crore by way of equity in the company before the due date of March 31, 2022.
