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Kishore Biyani steps down as chairman of Future Retail

In his emotional farewell, Biyani, who was associated with Future Retail Ltd (FRL) since 2007 when it was incorporated, said…

January 27, 2023 10:35 IST

Delhi High Court rejects Future Group’s plea to terminate arbitration proceeding

The Delhi High Court had recently reserved its verdict on a batch of pleas on the ongoing legal tussle between…

November 23, 2022 05:30 IST

Delhi HC dismisses Future’s plea to terminate arbitral proceedings initiated by Amazon

The high court said it will be inappropriate for it to interfere with the interlocutory orders.

November 22, 2022 18:40 IST

The matter will be next heard on November 25. The CJI has directed the parties to be present before the SIAC on November 28.

Amazon arbitration: SC slams Future

E-commerce major seeks Rs 1,400 cr in damages

November 18, 2022 06:00 IST

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Future Group moves Delhi High Court on dismissal of its termination application by SIAC

Amazon had acquired a 49% stake in FCPL in 2019 which was approved by CCI but later on a complaint…

October 21, 2022 05:15 IST

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Future Enterprises gets 3-month extension to hold AGM

The company will have to hold its AGM on or before December 31, 2022. Accordingly, the AGM would be held…

September 23, 2022 01:00 IST

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Future Enterprises defaults on Rs 15.73 crore interest payment for NCDs

The due date for payment was September 20, 2022, said a regulatory filing from FEL.

Updated: September 21, 2022 20:07 IST

Future unit cancels plans to sell assets on approval delay

On July 26, FSCL’s board had approved the sale of certain assets, which was subject to approvals from shareholders and…

September 20, 2022 03:55 IST

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Future Lifestyle Fashions gets 3 months extension for holding AGM

The Future group firm has received a letter from the Registrar of Companies – Mumbai, Maharashtra, on Thursday

Updated: September 8, 2022 20:59 IST

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Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been…

August 30, 2022 15:33 IST

Future Enterprises faces second plea to initiate insolvency

The latest petition is filed against Future Enterprises by Retail Detailz India, claiming default of Rs 4.02 crore before the…

August 24, 2022 14:27 IST

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

Sebi initiates forensic audit of 2 Future firms

The audit is with respect to consolidated financial statements and account books of FRL and some other entities for the…

August 5, 2022 06:00 IST

SEBI orders forensic audit of Future Retail accounts and transactions with three group firms

The audit will be “with respect to the related party transactions with FRL during the above review period”, said the…

August 4, 2022 22:14 IST

Earlier on June 27, following the completion of hearings, the National Company Law Tribunal’s (NCLT) Mumbai bench had reserved its order. On its part, Amazon had filed an interlocutory application asking the tribunal to reject the petition.

Future Retail directors’ letter only to create confusion, says Amazon

“It is obvious that the letter from FRL’s independent directors was issued with the sole motive to obfuscate issues that…

July 7, 2022 06:10 IST

Previously on May 14, FEL failed to make an interest payment of Rs 8.94 lakh due on NCDs.

Future Enterprises defaults on interest payment

Prior to this on June 22, the company said it defaulted on an interest payment of Rs 85.71 lakh, and…

July 1, 2022 02:30 IST

On a defaulting spree: Future Enterprises defaults on Rs 4.10-cr interest payment

This is the latest in a series of defaults on NCD interest payment by the company

June 26, 2022 07:09 IST

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

The debentures are secured and have a coupon rate of 10.25 per cent per annum.

June 25, 2022 17:22 IST

Future Enterprises defaults on interest payment

The interest payment was due for 182 days between December 20, 2021 and June 20, 2022, for a principal amount…

June 23, 2022 02:15 IST

Earlier in April, FRL’s lenders selected Vijaykumar Iyer, backed by Deloitte India, as the IRP for Kishore Biyani-led retail chain’s bankruptcy proceedings.

Future Retail asks NCLT for a new RP

The proposed IRP – Deloitte – is also an auditor for certain other Future Group companies, and hence a new…

June 22, 2022 03:00 IST

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Amazon warns Future Group against entering into fresh deals with Reliance

FRL had also entered into an agreement dated April 26, 2021, to monetise small-format stores for Rs 3,000 crore. Even…

June 8, 2022 06:00 IST

Future Enterprises defaults on interest payment

The company is unable to service its obligations in respect of the interest on NCDs due on June 6, 2022.

June 8, 2022 03:00 IST

Promoters’ holdings in Future Group firms dip

In 2020, Future Group entered into a deal with Reliance Retail, a subsidiary of Reliance Industries (RIL), to sell its…

June 6, 2022 03:30 IST

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