National Company Law Tribunal
People
Liberty Shoes removes executive director Adesh Kr Gupta after NCLT sets aside his plea
PTI -
Gupta, who along with some other shareholders holds 5.83 per cent of the company, had filed a plea under Section 244 of the Companies Act, 2013, seeking waiver in requirements to file a plea alleging oppression and mismanagementNew Delhi:...
Retail
Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15
PTI -
The RP of the company has moved an application before the Mumbai bench of NCLT to exclude a period of 29 days from CIRP of Future Retail Ltd, according to a regulatory filingNew Delhi: The resolution professional (RP) of...
Finance and Funding
Reliance Retail to reduce share capital, to pay Rs 1,362 per share
PTI -
This capital reduction plan will make Reliance Retail a 100% subsidiary of Reliance Retail Ventures LimitedNew Delhi:Â Country's leading retailer Reliance Retail on Friday said it will reduce the equity share capital to the extent held by shareholders other than...
Latest News
Future Enterprises CoC re-constituted, claims over Rs 12,265 cr from financial creditors admitted
PTI -
The interim resolution professional (IRP) has received claims of Rs 7,014.83 crore from 22 secured financial creditors of FELNew Delhi: Taking a step forward for debt resolution, the interim resolution professional of debt-ridden Future Enterprises Ltd (FEL) has reconstituted...
Big Grid
NCLT grants 90 days extension to Future Retail for concluding insolvency
PTI -
Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRLNew Delhi: The NCLT has granted Future Retail Ltd (FRL) an extension of...
Big Grid
SC sends notice to Future Retail Ltd on Amazon plea against HC order
The Supreme Court Monday sought responses from Future Retail Ltd (FRL) and others on Amazon's plea against the Delhi High Court direction to maintain status quo on the Future-Reliance deal. The apex court said the proceedings before the National Company Law Tribunal (NCLT) will...
Big Grid
Future-Amazon tussle reaches Supreme Court, FRL says ‘will defend the matter’
Amazon has approached the Supreme Court against a Delhi High Court order that vacated the status quo on Future Group's proposed Rs 24,713 crore-deal with Reliance Industries.In a filing to stock exchanges, Kishore Biyani-led Future Retail Ltd has said that it "shall defend the matter/proceedings through its...
Food
Adani group pips Patanjali to emerge highest bidder with Rs 6,000 crore offer for Ruchi Soya
Billionaire Gautam Adani’s group company on Tuesday offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter told PTI.According to a PTI...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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