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bank of india Future Lifestyle Fashions case

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

Amazon share, stock-split, price, valuations, investors, return, performance,

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

Unable to declare Q4 earnings before May 30 deadline, say three Future Group firms

Future Enterprises (FEL), Future Retail (FRL) and Future Lifestyle Fashions (FLFL) said in separate regulatory updates that their present board…

May 25, 2022 03:40 IST

Future Enterprises defaults on interest payment

Future Enterprises (FEL), part of the beleaguered Future Group, on Wednesday said it defaulted on interest payment of Rs 1.06…

May 19, 2022 01:05 IST

The company’s total amount issued through debt securities was at `200 crore, while the outstanding as of April 30 was at Rs 158.9 crore.

Future Consumer defaults on Rs 6.4 crore due on unlisted debt securities

The type of instruments included secured, redeemable and non-convertible debentures, and May 15 was the date of the default, the…

May 17, 2022 00:45 IST

Ashni Biyani’s resignation follows that of Rakesh Biyani, who resigned as managing director of another group company Future Retail a week ago. Along with Rakesh Biyani, other officials, including the company secretary, had also tendered their resignations.

Ashni Biyani resigns as managing director of Future Consumer

Biyani has resigned due to personal constraints and challenges, due to which she is unable to dedicate necessary time and…

May 13, 2022 02:45 IST

FEL develops, owns and leases retail infrastructure and also handles backend operations of Future Group’s retail business.

Future Enterprises defaults on repayment of NCD interest payment

The company was unable to service its obligations in respect of the principal and interest on NCDs due on May…

May 11, 2022 01:53 IST

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