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Corporate Announcement
  • Security Code540064
    CompanyFuture Retail Ltd
    Exchange Received Time10/03/2023 19:00:31
    Exchange Disseminated Time10/03/2023 19:00:31
    Time Taken00:00:00
     
     
     Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) | 03/10/23 19:00 
     In furtherance of our previous intimations to Stock Exchanges, kindly note that the Resolution Professional ("RP') of Future Retail Limited ("FRL') has filed an application before Hon'ble National Company Law Tribunal, Mumbai ("NCLT') against directors/ erstwhile directors of FRL under Section 66(2) and Section 67 read with Section 60(5) of the Insolvency & Bankruptcy Code 2016 (read with rules and regulations framed thereunder, 'Code'). As on date of filing of the said application, basis the limited information available, the RP has quantified the potential loss that has been caused to the creditors of FRL to be INR 14,809.44 crores, and has sought direction against the respondents to the said application to contribute such amount to FRL. 
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(18) 26 Apr 24|15:11 (IST)