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SPACEMANTRA
SpaceMantra pulls out resolution plan for Future LifestyleSpaceMantra withdraws its ₹490 crore bid for Future Lifestyle Fashions days before winning creditors' vote, citing delays and value erosion...- Future Lifestyle lenders approve resolution plan of Space Mantra & Guptas' consortiumFuture Lifestyle Fashions Ltd's lenders have approved a resolution plan from a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta...
- Bankruptcy court admits Kishore Biyani-promoted Future Retail for liquidationThe Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Kishore Biyani's Future Retail Ltd for liquidation due to the abs...
- Space Mantra and Donear Industries submit plans for Future Lifestyle FashionsFuture Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and ...
- BC Jindal Group Co's the sole bidder for Future EnterprisesJindal's plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans f...
- India, US bolster defence cooperation in response to China: Joint production of combat vehicles, drones in focusOn Friday, Lloyd Austin, the Defense Secretary of the United States, declared a collaborative effort between India and the US in the co-pro...
- Future Retail approaches liquidation as efforts to secure buyer fall shortFuture Retail confirmed the insolvency professional's move to initiate the liquidation process. The application for liquidation under Secti...
- Future Retail Lenders at odds with RPThe development comes within a fortnight of the lenders issuing a legal notice to Iyer for putting on the block inventories of Future Retai...
- HDFC votes in favour of SpaceMantra bid for FRLHDFC Bank, which had initially raised concerns about SpaceMantra's debt resolution proposal for Future Retail Ltd (FRL), surprised everyone...
- Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 daysSpace Mantra was the single bidder for FRL. According to some media reports, Space Mantra had offered around Rs 550 crore, which was very c...
- Future Retail resolution professional pushes for new bidding round, 58% lenders' reject Space Mantra's planDeloitte-backed resolution professional Vijaykumar Iyer has requested a fresh opportunity to seek new bids for Future Retail, after lenders...
- Kishore Biyani moves Bombay High Court against forensic audit of Future RetailKishore Biyani, the former promoter of Future Retail, has filed a petition in the Bombay High Court challenging the forensic audit process ...
- Future Retail's creditors extend voting timeline on SpaceMantra's bid to Sept 30The committee of creditors (CoC) for Future Retail (FRL) has extended the voting period once again as they are undecided on whether to appr...
- To accept only bid for Future Retail or not? Lenders differSome banks are opposed to taking up the resolution plan submitted by SpaceMantra as it is too close to the liquidation value, while some ot...
- HDFC Bank against vote on Space Mantra's Future Retail Ltd offerBank highlights procedural lapses in the resolution process to lenders.
- Vote on Space Mantra's Future Retail bid likely soonLenders to Future Retail (FRL) are considering a takeover plan by Space Mantra, despite concerns about the low offer. The committee of cred...
- Only one bidder for whole of Future RetailSpace Mantra's offer of ₹550 crore, however, is less than 3% of the total outstanding dues of ₹19,200 crore of financial creditors and is a...
- Scrap dealers among six companies to bid for troubled Future RetailAn Adani Group entity, April Moon Retail, and Reliance had initially responded to invitations for expressions of interest (EoI) for the ins...
- Reliance Retail, Adani no longer in race for Future Retail: ReportAccording to the report, a total of six bids have been received for the final round of bidding for Future Retail from lesser-known companie...
- ET Global Indian Leaders 2022 recognised entrepreneurial excellence across industriesET Global Indian Leaders is a celebration of professional and entrepreneurial excellence across multiple sectors and industries.
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