Brief: India's Future Group Challenges Its Lenders In Supreme Court To Stop Them From Declaring Co As Defaulter

Future Enterprises

25/01/2022 06:30

Jan 25 (Reuters) - 
    * INDIA'S FUTURE GROUP CHALLENGES ITS LENDERS IN SUPREME
COURT TO
STOP THEM FROM DECLARING THE COMPANY AS DEFAULTER-FILING
    * INDIA'S FUTURE GROUP ASKS SUPREME COURT TO QUASH DEFAULT
NOTICES
RECEIVED FROM COMPANY'S LENDERS-FILING
    * SOME FUTURE LENDERS HAD ASKED CO TO HANDOVER SMALL STORE
BUSINESSES AS IT FAILED TO MAKE DUE PAYMENTS-FILING
    * STATE BANK OF INDIA TOLD FUTURE GROUP ON JAN 15 IT WILL
ACT
AGAINST CO, INCLUDING POSSIBLY INITIATING INSOLVENCY
PROCEEDINGS, FOR NON-PAYMENTS- LETTER
    * INDIA'S FUTURE URGES SUPREME COURT TO ASK ITS LENDERS TO
EXTEND
TIMELINE TO MONETIZE SALE OF SMALL STORES-FILING


Further company coverage:  FRTL.NS 

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