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FUTURE ENTERPRISES INSOLVENCY
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
- Dalmia Bharat buys Jaiprakash cement assets from Adani for Rs 2,850 croreDalmia Bharat is acquiring Jaiprakash Associates' cement business from Adani Group for ₹2,850 crore. This deal adds 5.2 million tonnes of c...
- Dalmia Bharat seals Rs 2,850 crore deal for JAL cement assets after Adani insolvency takeoverDalmia Cement has acquired key cement assets from Jaiprakash Associates for ₹2,850 crore. This deal, facilitated by the Adani Group's insol...
- Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLATJaiprakash Associates insolvency proceedings see a dispute over Vedanta's claim as highest bidder. The resolution professional told the NCL...
- Central Bank acquires 25.18 pc stake in Future Generali India Life InsuranceCentral Bank of India has acquired a 25.18% stake in Future Generali India Life Insurance Company Ltd for ₹57 crore through the insolvency ...
- Central Bank of India gets CCI's nod to acquire stakes in two Future Generali entitiesThe Competition Commission of India approved Central Bank of India's acquisition of 24.91% and 25.18% equity stakes in Future Generali Indi...
- Bankruptcy court admits insolvency resolution plea against four Future Group affiliatesThe bankruptcy court has admitted four Future Group companies, including Future Corporate Resources and Central Departmental Stores, under ...
- Central Bank of India nears deal for FEL's insurance stakesFuture Enterprises, undergoing insolvency proceedings, saw Central Bank of India emerge as the frontrunner to acquire its 25% and 33% stake...
- Future Enterprises' lenders hope for a better future, to restart biddingFEL used to develop, own and lease retail infrastructure for Future Group. It also held the group's investments in subsidiaries and joint v...
- Why Ambani and Jindal see future in debt-laden Future GroupKishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversi...
- Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution planJindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The comp...
- Reliance Retail, Jindal (India) make offers to acquire bankrupt Future EnterprisesFuture Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolv...
- Future Retail requests NCLT for gaining access to the inaccessible stores and warehousesThe company's resolution professional also requested the bankruptcy court to exclude 90 days from the company’s corporate insolvency resolu...
- NCLT allows insolvency plea against Future EnterprisesBiyani's flagship company Future Retail, which operates large-format hypermarkets, is undergoing insolvency proceedings since last July; it...
- Lenders of Future Enterprises appoint a forensic auditorThe development comes amidst an out-of-court debt restructuring proposal given by the company to lenders. However, two trade creditors have...
- Central Bank files a personal insolvency case against BiyanisThe bank has filed a personal insolvency case against promoter Kishore Biyani, his elder brother Vijay Biyani and cousin Sunil Biyani with ...
- Future Enterprises faces second plea to initiate insolvency"The Company has received e-filing confirmation from NCLT with respect to the filing of an application by an Operational Creditor Retail De...
- Three Future group firms to file claims before FRL's interim resolution professional"With the initiation of the CIRP (Corporate Insolvency Resolution Process) in FRL, the company would be required to quantify its receivable...
- Future Group to focus on saving, rebuilding Future Lifestyle, Future Supply Chain & Future ConsumerReliance on Saturday called off its Rs 24,713-crore deal to acquire Future Group's retail, wholesale, logistics and warehousing assets, aft...
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