13 June 2022, Mumbai:
A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lenders of the company.
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The National Company Law Tribunal (NCLT) has adjourned till the June 14 hearing of Amazon's petition opposing the initiation of insolvency proceedings against debt-ridden Future Retail Ltd.
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After hearing the arguments of Rajiv Nayar, the counsel of the e-commerce giant, the NCLT Mumbai bench said it will continue the hearing of the matter on June 14.
A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lenders of the company.
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CREDITS: Business Standard (The news article has not been edited by DFU Publications staff).
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