Future Group’s retail arm to face insolvency proceedings amid its tussle with Amazon ...Middle East

Trouble doesn’t seem to be ending anytime soon for India’s Kishore Biyani-led Future Group.A court yesterday (July 20) ordered the initiation of insolvency proceedings against Future Retail, its retail arm. The order (pdf) by the National Company Law Tribunal (NCLT) came on the petition filed by the Bank of India and will allow its creditors to find a new owner for the firm.It must be noted that Future Retail, once India’s second-largest retail chain, is in soup over its business deals with Reliance Industries (RIL) and Amazon India.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

Hence then, the article about future group s retail arm to face insolvency proceedings amid its tussle with amazon was published today ( Thursday 21/07/2022 - 09:24 AM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Future Group’s retail arm to face insolvency proceedings amid its tussle with Amazon )

Also on site :

• For the first time in 50 years, college grads are losing their edge
• Sanyou Bio's Decade: From an Intelligent Super-Trillion Antibody Library to the "Innovation Hub for Original Drug Discovery"
• Capstone LLC Releases 2026 Technology, Media & Telecom Outlook: AI Policy Tensions, Platform Regulation, and Digital Assets to Define Investment Landscape