Page 5 - Future Retail

Lenders allow Biyani's Future Retail to pay interest on foreign bonds

For many restructured loan accounts like FRL, banks are in control of fund movement and there is continuous assessment of financial position

Future Retail seeks lenders' nod to pay foreign bonds' dues

Future Retail has approached lenders with a plea to allow it to make interest payments of about $ 14 mn on the foreign currency denominated bonds

Supreme Court asks Future Retail to move Delhi HC on NCLT proceedings

Directs HC to give orders uninfluenced by SC observations

SC allows Future Retail to move HC to seek resumption of NCLT proceedings

Senior advocate Harish Salve, representing Future Retail, argued that the proceedings before the NCLT have reached the stage listed at serial no 8 (meeting of the shareholders and creditors)

Future Retail's net loss widens by 26% to Rs 1,063 cr in December quarter

However, the Kishore Biyani-led retail company saw its revenue from operations increase by 87 per cent to Rs 2,816 crore in the December quarter

Future Retail's Q3 net loss widens to Rs 1,063.4 cr; revenue up 86.8%

Future Retail Ltd (FRL) on Monday reported the widening of its consolidated net loss to Rs 1,063.36 crore for the third quarter ended on December 31, 2021.

SC denies nod to Amazon to file written note in case filed by Future Retail

The bench rejected the submissions saying that the argument seemed to be that the oral submissions have to be given in writing as well

Lenders open to FRL resolution under June 2019 rules, subject to SC ruling

Such an option (resolution under June 2019 norms) could make room for a six-month resolution and create prospects of upgrading the account based on performance

FRL's lenders to meet on Saturday to decide on future course of action

This, while Future Retail has sought ten days from Supreme Court to work out a settlement for payment of dues

Covid LIVE: Gyms, theatres can function with 100% capacity in Karnataka

'Gyms, cinema halls, swimming pools and Yoga centres have been allowed to function with 100% capacity with strictly adhering to Covid appropriate behaviour,' reads the order

Sensex slips 143 pts; Nifty holds 17,500; Realty, PSBs dip, metals shine

Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent

Top headlines: Future seeks time; RIL weighs in on Videocon's oil assets

The government's borrowing in the FY23 Union Budget may get trimmed by Rs 63,500 crore. More on that in our top headlines.

Future Retail asks SC two weeks' time to arrive at a solution with lenders

FRL's council had argued in court that it needed some time, and should its merger deal with Reliance Group come through, it could service all debt

Top headlines: Setback for FRL from lenders; Titan Q3 net zooms 91%

Business Standard brings you the top headlines on Thursday

Future Retail's lenders call for its assets to be put up for auction

Supreme Court did not hand down any decisions on Thursday and said it will hear the matter again in due course

S&P downgrades Future Retail to 'D' after company fails to clear dues

Future Retail Ltd failed to make the principal payments due on its restructured domestic bank borrowings on December 31, 2021.

No party to benefit from measures against FRL for loan defaults: SC

The consortium of banks said that they will have to take a business call with regard to the default in repayment of loan

Supreme Court to hear Future Retail's plea against lenders on January 31

The Kishore Biyani-led company had filed a petition, requesting the Supreme Court to pass an order to refrain its lenders from declaring it as an NPA

FRL's independent directors acting for benefit of promoters: Amazon

It is not for the benefit of FRL's shareholders, creditors, vendors and employees, alleged Amazon's letter to FRL's independent directors

SC to hear plea of Future for direction to lending financial institutions

The Supreme Court agreed to hear the plea of Future Retail seeking a direction to lending financial institutions (FIs) from taking any action over non-payment of its debt obligations.