#future group

Mumbai News: कर्ज में डूबे फ्यूचर ग्रुप के चेयरमैन किशोर बियानी की आर्थ‍िक हालात खराब है. कभी इनके पास बेशुमार दौलत थी, लेकिन अब हालत ऐसी है कि कंपनी बिकने जा रही है. पहले किशोर बियानी ने मुंबई के मॉल को बेचा था, लेकिन अब कंपनी बंद होने जा रही है. नेशनल कंपनी लॉ ट्रिब्यूनल (NCLT) की मुंबई शाखा ने फ्यूचर रिटेल को परिसमापन के लिए स्‍वीकार कर लिया है. परिसमापन एक दिवालियापन प्रक्रिया है जिसका उपयोग…

Amazon: SIAC Denies Future Group’s Request to Stop Arbitration

Mumbai: Singapore International Arbitration Center (SIAC) stated that it would continue the arbitration proceedings between Future group as well as Amazon, rejecting Kishore Biyani’s request to drop the proceedings. (FRL) filed a petition with SIAC, citing a ruling from the Competition Commission of India (CCI) that suspended the deal with Amazon. He also argued that since the company was in…

Amazon-Future Group Deal: NCLAT ने CCI के फैसले को बरकरार रखा, 45 दिन में Amazon को 200 करोड़ रुपए जमा करने का दिया आदेश

Photo:GOOGLE Amazon Highlights अमेजन और फ्यूचर ग्रुप के बीच निवेश सौदे के लिए मंजूरी को निलंबित किया गया NCLAT ने अमेजन पर लगाए गए 200 करोड़ रुपए जुर्माने को भी बरकरार रखा है मामले की सुनवाई को लेकर सुप्रिम कोर्ट जा सकता है अमेजन नेशनल कंपनी लॉ अपीलेट ट्रिब्यूनल (NCLAT) ने भारतीय प्रतिस्पर्धा आयोग (CCI) के आदेश पर मुहर लगाते हुए अमेजन और फ्यूचर ग्रुप के बीच निवेश सौदे के लिए मंजूरी को निलंबित…

HDFC-HDFC Bank merger: Parekh expects fair, judicious regulatory response

Deepak Parekh, chairman of HDFC Ltd, India’s largest mortgage financier, on Tuesday said he expected the regulator’s view on HDFC’s proposed merger with HDFC Bank to be fair and judicious, asking the stakeholders to be patient.

In his note to shareholders in the annual report, the HDFC patriarch said after 45 glorious years of providing homes to millions of customers, the time was right for HDFC to find a new home. Read more

I-T portal develops snag on first anniversary, Infy directed to fix issue

The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.

The National Company Law Tribunal (NCLT) will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10.

A plea seeking initiation of insolvency resolution proceedings against FRL was filed by Bank of India (BoI), the lead banker in the consortium of lenders to the company.

On Monday, the Mumbai bench of the tribunal held a virtual hearing in the matter. BoI's petition is yet to be admitted.

Against this backdrop, the tribunal on Monday said it will hear Amazon's petition on June 10.

On May 12, Amazon had filed an intervention application under Section 65 of the Insolvency and Bankruptcy Code that deals with provisions relating to penalty for fraudulent or malicious initiation of proceedings.