NCLT, Mumbai allows FRL time to file its response

29 April 2022, Mumbai:

Bank of India (BOI) notice under IBC.

The Mumbai bench of NCLT on Thursday allowed Future Retail Ltd (FRL) time to file its response to a plea filed by the Bank of India under the Solvency & Bankruptcy Code (IBC).

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NCLT GIVES FUTURE RETAIL TIME TO RESPOND TO BOI's INSOLVENCY PLEA.

The dedicated bankruptcy court on Thursday allowed the Kishore Biyani promoted Future Retail (FRL) time to file its response to a plea filed by the state-owned Bank of India under the Insolvency & Bankruptcy Code (IBC).

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The Mumbai bench of the National Company Law Tribunal (NCLT) was hearing a petition filed by the lender to admit the BSE-listed Future Retail under the Corporate Insolvency Resolution said Process (CIRP).

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CREDITS: ET Dt 29-04-2022 (The news article has not been edited by DFU Publications staff)