Here is why bidders are keen on Future Group's logistics, warehousing arm
Sources say these companies have expressed their interest in Future Retail assets in the hope that they will acquire assets of Future Supply Chain Solutions as well13-11-2022
13-11-2022
From restaurateur to steelmaker: Meet thebidders for Future Retail
A diverse array of suitors have shown interest in Future Retail's assets.11-11-2022
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
The Provisional List of Eligible Prospective Resolution Applicants pursuant to the Regulation 36A (10) of CIRP Regulations, is attached herewith11-11-2022
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of LODR, we hereby inform you that the fifth meeting of Committee of Creditors was held on 5th November 2022.11-11-2022
RIL among 16 interested in Future Retail's IBC assets
Vijaykumar V. Iyer, the resolution professional for Future Retail, invited applications from interested parties through a 4 October notification. Iyer has been in charge since Future Retail was admitted to the insolvency tribunal in July after a buyout proposal by Reliance collapsed11-11-2022
Future Retail insolvency: Deadline for bids extended to November 3
The deadline for submission of expression of interest for debt-ridden Future Retail Ltd (FRL) has been extended by almost two weeks to November 3. As per the modified invitation of expression of interest (EoI) for the Future Group firm undergoing Corporate Insolvency Resolution Process (CIRP), the last date for the prospective buyers to submit their EOI is November 3. Earlier, the last date for the prospective resolution applicants (PRA) for submission of EoI was October 20, 2022. Now, a final list of PRAs will be published on November 20, 2022 and the deadline for the submission of the resolution plan is December 15, 2022, as per the modified invitation for submitting EoI. "It is clarified that the EOIs submitted by all interested prospective resolution applicants... prior to this corrigendum and Modified IEOI shall continue to be considered in the ongoing corporate insolvency resolution process of FRL and need not be resubmitted," it added. PRAs should have a minimum tangible ne23-10-2022
Future Retail Ltd - 540064 - Intimation Of Particulars Of Invitation Of Resolution Plans Under Section 25(2)(H) Of Insolvency Code In The Form Specified Under Regulation 36A(5) Of The IBBI (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(h) of Clause A of Part A of Schedule III of LODR, we hereby attach: (a) Invitation to Submit Expression of Interest for Future Retail Limited (as modified on 20 October 2022) ("IEOI'), (b) Modification to detailed Invitation of Expression of Interest, as published on 20 October 2022, (c) Form G, together with, (d) Extension of timeline for submission of Expression of Interest under Form G dated 20 October 2022, for your information and record, which is also available on the website of the Company on https://futureretail.in/cirp/process.html. The IEOI provide eligibility criteria for prospective resolution applicants intending to submit expression of interest for Future Retail Limited, as approved by the Committee of Creditors under Section 25(2)(h) of the Insolvency & Bankruptcy Code, 2016.22-10-2022
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
Intimation of 4th COC meeting held on 20.10.202222-10-2022
Bid deadline for India's Future Retail extended due to low interest: Report
With lesser buyers showing interest in the debt-ridden Future Retail, its deadline for submitting bids has been extended to 3 November21-10-2022
Future Retail insolvency: EoI invited from prospective buyers by Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP). All interested and eligible prospective resolution applicants (PRA) for FRL are required to submit an expression of interest for the resolution plan by October 20, 2022. The resolution professional (RP) will issue the final list of PRAs on November 6, 2022, and a deadline of December 6, 2022, has been fixed for the submission of resolution plans, according to the 'Invitation to submit 'expression of interest' issued by RP of Future Retail. However, it added that the timelines "remain subject to modification by the CoC and any extension/exclusion to the timelines" for completion of CIRP of FRL under the Insolvency & Bankruptcy Code (IBC) 2016. PRAs should have a minimum tangible net worth of Rs 100 crore along with minimum assets under management (AUM)/committed funds available for investment of Rs 250 .06-10-2022