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Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 days

Space Mantra was the single bidder for FRL. According to some media reports, Space Mantra had offered around Rs 550 crore, which was very close to liquidation value. It was just 2.8 per cent of FRL s outstanding dues of Rs 19,773 crore to its financial creditors. ....

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Future Retail CoC rejects Space Mantra bid, NCLT extends insolvency period

Future Retail CoC rejects Space Mantra bid, NCLT extends insolvency period
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Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 days

The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors (CoC). ....

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