Rs 19-crore land of Future Retail to go under the hammer
Under the ongoing liquidation process of the debt-ridden Future Retail Limited (FRL), e-auction of its assets, including a prime 40-acre...
Bank of India
BoI classifies Reliance Communications loan accounts as fraud
Reliance Communications Limited (RCOM) has disclosed that Bank of India has classified the loan accounts of RCOM, its subsidiary Reliance...
Bank of India classifies Rs 616-crore loan to Rolta India Ltd as fraud
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a...
Mercury Terra Firma acquires Shree Rajeshwaranand Paper Mills for Rs 48 crore
The Ahmedabad bench of the NCLT has approved the Rs 48.17 crore resolution plan by Mercury Terra Firma for corporate...
Kishore Biyani’s Future Retail, once a leading Indian retailer, is being liquidated
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Future Retail after all attempts...
MEP Infrastructure Developers to undergo insolvency resolution process
Mumbai-based MEP Infrastructure Developers Ltd will undergo corporate insolvency resolution process after the Mumbai bench of the NCLT admitted the...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...
Kishore Biyani moves HC against BDO forensic audit of Future Retail
Erstwhile promoter of Future Retail Kishore Biyani has filed a writ petition before Bombay High Court challenging the Forensic Audit...
Financial creditors of Future Lifestyle Fashions submit Rs 2,155 crore claims
The financial creditors of Future Lifestyle Fashions Ltd have submitted claims of Rs 2,155 crore, out of which Rs 2,117...
Future Lifestyle Fashion to face insolvency resolution process
Another Future Group company – Future Lifestyle Fashion – is now going to undergo the corporate insolvency process after the...