Page 7 - Future Retail

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.

FRL seeks time on loan dues; independent directors accept Reliance's offer

Retailer asks apex court to direct banks on not labelling it NPA

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

FRL's independent directors accept Reliance's bailout offer, reject Amazon

Independent directors of Kishore Biyani-led Future Retail Limited told Amazon its offer to provide Rs 3,500-cr funding was 'a game of smoke and mirrors'

FRL launches SC challenge against own lenders to avoid a defaulter tag

Earlier this month, Future Retail had said it had missed the due date for the payment of Rs 3,494.56 cr to banks and lenders as it could not sell assets due to its ongoing litigation with Amazon

Covid LIVE: Delhi's positivity rate falls to 12%; 1,857 new cases in Mumbai

Number of active cases in Mumbai are 21,142; Delhi sees 5,760 new cases

Samara Capital ready to invest Rs 7K crore in Future Retail: Amazon

FRL had set conditions to accept Amazon's proposal in a letter sent to the US e-commerce firm dated January 21

Amazon confirms Samara Cap to invest Rs 7,000 cr in FRL to acquire assets

Amazon has written to independent directors of Future Retail Ltd, confirming that Samara Capital 'remains interested and committed' to invest Rs 7,000 crore for buying all retail assets of company