Corporate Insolvency Resolution Process
Latest News
NCLT approves Oberoi Realty’s resolution plan for Nirmal Lifestyle Realty
PTI -
The company said it will pay Rs 230 crore to the creditors of the bankrupt firmNew Delhi: Oberoi Realty on Monday said the National Company Law Tribunal has approved its resolution plan for Nirmal Lifestyle Realty, and it will...
Finance and Funding
Future Enterprises invite bids for insurance business, apparel manufacturing unit
PTI -
The company, a flagship firm of Kishore Biyani-led Future Group, is going through the Corporate Insolvency Resolution Process (CIRP)New Delhi: The resolution professional of debt-ridden Future Enterprises Ltd (FEL) has invited expression of interest (EOI) for the company's assets,...
Fashion & Lifestyle
Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors
PTI -
Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firmNew Delhi: Future Lifestyle Fashions Ltd...
Latest News
Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process
PTI -
The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan defaultNew Delhi: Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of...
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Latest News
IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr
Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
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