Besides the plea by DHL Ecommerce, FSCSL was also facing insolvency petitions filed by two other operational creditors
Future Retail was dragged into bankruptcy proceedings by banks after it defaulted on loans and its lenders rejected a Rs 24,713-crore takeover of its assets by Reliance amid a legal challenge by Amazon
Chokshi & Chokshi LLP, a chartered accountant firm has been appointed as the forensic auditor concerning the consolidated financial statements of FRL and audit of the books of accounts of the company
Before this, the Delhi High Court had reserved its verdict on several pleas that had to do with this ongoing issue between Amazon and the Future Group, primarily over the Future Retail Ltd.’s deal with Reliance Retail.
A 150 MW solar project in Solapur, Maharashtra, has been awarded to Tata Power Renewable Energy.
In a strongly worded letter to Future Retail's independent director on July 4, Amazon has also raised objection to an alleged attempt of Future Group to transfer its logistics and warehousing business to Reliance in...
Future Group and Amazon have been locked in a battle after the former decided to sell its Big Bazaar business to Reliance Retail
Future Enterprises failed to disclose to the exchanges the information regarding the initiation of arbitration proceedings and also the passing of an order dated October 25, 2020, in favor of Amazon
In December last year, CCI had suspended the approval given by it in 2019, for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd...
In April, FEL had informed the exchanges about a default of Rs 2,835.65 crore towards its consortium of banks. Its due date was March 31, 2022.
The notice follows reports that the Future group is in the midst of negotiations with Mukesh Dhirubhai Ambani (Reliance Industries Limited) Group (MDA Group)...
They have said due to the "cumulative effect" of Amazon’s wrongful conduct, the lenders of FRL had rejected the Rs 24,713 crore deal with Reliance Retail and...
Last week, Amazon had accused FRL's independent directors of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance Retail Venture.
The company, a flagship firm of the Kishore Biyani-led Future Group, now faces an insolvency petition filed by its lenders before the National Company Law...
NCLT will hear Amazon’s plea on June 6, while last week it had directed FRL to respond to BoI’s bankruptcy charges.
In April, Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process...
The company was required to pay an aggregate amount of Rs 2,911.51 crore between March 23 and March 31, 2022, to various consortium banks and lenders.
Haribhakti had chaired meetings of shareholders and creditors of Future Group entities that were called to vote on the Rs 24,713 crore deal with Reliance...
While more than 75 per cent of shareholders and unsecured creditors supported the deal, FRL did not get the requisite 75 per cent favourable voting from...
The lender groups said that Future Group knew about its stores being taken over by Mukesh Ambani's Reliance Retail and did not provide any clear answers over...
This is the second default by the Kishore Biyani-led Future group firm this week. On April 12, FEL had informed about the default on the payment of Rs 9.10...
FRL has scheduled the meetings on April 20 and 21 after the National Company Law Tribunal (NCLT) in February had allowed it to go ahead and convene those...
Amazon and Future Group are engaged in multi-forum litigation on the issue of FRL's merger deal to the tune of Rs 24,500 crore with Reliance Retail Limited...
