SREI crisis: Administrator finds fraudulent transactions worth ₹3,025 cr
Loans worth ₹2,512.06 crore were connected to these fraudulent transactions, which caused a notional loss worth ₹513.67 crore, says transaction auditor's report.
insolvency proceedings
June 2022
April 2022
Banks vote against Future deal; co a pale shadow of itself
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
Bank of India drags Future Retail to bankruptcy court
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.
