Future Retail's related party operational dues nearly 25%
Future Retail has received claims worth 9,306 crore from operational creditors under IBC16-05-2023
16-05-2023
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 17th Meeting of Committee of Creditors was held on 16th May 2023.16-05-2023
Axis Trustee approaches NCLT to add more Future Retail claims
Axis Trustee Services has approached the National Company Law Tribunal after its claims worth INR470 crore were rejected by the resolution professional in the Future Retail insolvency case.14-05-2023
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 16th Meeting of Committee of Creditors was held on 08th May 2023.09-05-2023
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 15th Meeting of Committee of Creditors was held on 25th April 2023. Kindly take the above information on record.25-04-2023
Bidders for Biyani's Future Retail rises to 55 in final list
The bidders include major names such as Reliance Retail, Adani group via a JV, Jindal group, among others24-04-2023
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
The Final List of Eligible Prospective Resolution Applicants pursuant to the Regulation 36A (12) of CIRP Regulations, is attached herewith. Kindly take the above information on record.24-04-2023
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
This is in furtherance of our disclosure letter dated April 13, 2023, whereby the oral pronouncement of order made by the Hon'ble NCLT on April 13, 2023 regarding exclusion of a period of 90 days' from CIRP of FRL, and consequent extension from April 16, 2023 to July 15, 2023, for concluding the CIRP of FRL was intimated. Kindly note that the aforesaid order has been made available and published on the website of the Hon'ble NCLT on April 21, 2023. In light of the aforesaid and in compliance with to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this disclosure is being made and the copy of the aforesaid order is hereby submitted for record. You are requested to kindly take the above information on record.24-04-2023
NCLT grants 90 days extension to Future Retail for concluding insolvency
Last week, Future Reatil Ltd informed that they have received an Expression of Interest (EoI) from 49 players, including Reliance Retail, Jindal Power Ltd and Adani Group for acquiring the assets of the company.14-04-2023
Future Retail Ltd - 540064 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
This has reference to our intimation dated April 12, 2023 regarding application filed before the Hon'ble National Company Law Tribunal ("NCLT'), Mumbai, by Resolution Professional of Future Retail Limited ('FRL') for exclusion of a period of 90 days' from CIRP of FRL, and consequent extension from April 16, 2023 to July 15, 2023, for concluding the CIRP of FRL. In furtherance of the above, the Hon'ble NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023. The aforesaid disclosure, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is based on the oral pronouncement made by the Hon'ble NCLT on April 13, 2023. The written order is awaited. Kindly take the above information on record.14-04-2023