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Future Retail VS Amazon: NCLT Hearing To Continue On June 14: 5 Points

The hearing of Amazon's plea, initiating insolvency proceedings against debt-ridden Future Retail Ltd has been adjourned by the National Company Law Tribunal (NCLT) until June 14. A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lenders of the company.

NCLT To Take Up Amazon s Plea Against Future Group s Insolvency Proceedings On June 10

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