Page 2 - Future Retail

Majority of Future Retail secured creditors reject Reliance deal

Shareholders, unsecured creditors back the proposal

Secured creditors of Future Retail reject deal with Reliance Retail

A majority of 69.29 per cent of secured creditors of FRL voted against the resolution while 30.71 per cent voted in favour: Company.

Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs

Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent

Future group firms complete shareholders, creditors meet over Reliance deal

Several listed Future group firms have completed meetings of their respective shareholders and creditors to approve the Rs 24,713 crore deal to sell their assets to Reliance Retail Ventures Ltd

Future Retail holds shareholders' meeting to approve sale to Reliance

The meetings have been vehemently opposed by US-based e-commerce giant Amazon, which is contesting FRL's deal with RRVL

State Bank of India seeks accountability on Future Retail store takeovers

Lenders have charge of inventory, exec says on RIL taking possession of some stores

Future Retail EGM for shareholders, creditors to be held on Apr 20, 21

The electronic voting process for shareholders of Future Retail ended on Tuesday ahead of the meetings of the shareholders and creditors to approve the sale of company's assets to Reliance Retail

'Uncertainty over Reliance Industries deal drove FRL lenders to IBC'

Protracted litigation, safeguarding bankers' interest also led to the action

FRL rejects Amazon's opposition over shareholders' meeting on Reliance deal

Future Retail said the meetings have been convened in compliance with the directions given by the NCLT in its order passed on Feb 28, 2022

Bank of India moves NCLT as lead lender to Kishore Biyani-led Future Retail

BoI's loan exposure to Future Retail is Rs 1,441.62 crore

BoI drags Future Retail to NCLT, suggests V K V Iyer's name as IRP

Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the 'process of taking legal advice'

Bank of India moves NCLT against Future Retail, files insolvency plea

Earlier this month, Future Retail had reported a default of Rs 5,322.32 cr to its lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues

Amazon says anyone aiding FRL shareholders meeting is party to fraud

In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL

Amazon warns FRL against holding meetings to approve Reliance deal

In a 16-page letter to Kishore Biyani and other promoters on April 12, the US e-commerce giant said such meetings are illegal

SC asks Amazon, Future to urge Delhi HC to hear pleas of US firm first

It has been alleged by Amazon that on March 3, as many as 600 stores of FRL were taken away by Reliance

Amazon, FRL agree in SC to appear before Singapore Int'l Arbitration Centre

Last month, Amazon alleged that 80 per cent of FRL shops have been surrendered to Reliance

FRL making a mockery of Indian courts, says Amazon in SC submission

Accuses the Kishore Biyani-led retailer of making false statements before courts, including SC, about its $3.4 billion asset deal with Reliance Industries

Top Headlines: Tax collections at Rs 13 trn; PSBs stare at Rs 13k crore-hit

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More in our top headlines:

SC asks whether it can pass orders restraining alienation of FRL's assets

Senior advocate Harish Salve, appearing for FRL, said that around 374 shops are with the group and it is not going to give them to anybody on its own unless some landlords throw it out

Future Retail, Future Enterprises default on Rs 8,158-cr loan repayments

FRL said it has missed the due date for repayment of Rs 5,322.32 cr to lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues