NEW DELHI: The GoAir revival saga could come to an end this week with the Committee of Creditors (CoC) going to decide whether to opt for liquidation or for a second round of inviting expression of interest (EOI). The Wadia Group airlinehad stopped flying on May 2, 2023, and the National Company Law Tribunal (NCLT) … Read more
NEW DELHI: Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the … Read more
MUMBAI: The curtains are closing on the saga of one-time Raja of Retail, Kishore Biyani’s flagship. The insolvency professional overseeing the bankruptcy proceedings has proposed the liquidation of Future Retail, the bankrupt company that lost most of its key locations after Reliance Retail took over their tenancy.In a letter to the exchange, Future Retail said … Read more