Loading...
Menu

Media & Events


2022-04-26
On Money Control, Anushkaa Arora speaks regarding Future Group lender's plan to drag sister companies to bankruptcy court, seek maximum debt recovery.

Legal experts said banks can file an insolvency application under section 7 of the IBC and that it could be their best option of going ahead.

“For the Future Groups companies, a restructuring scheme is not a possible option,” said Anushkaa Arora, principal and founder, ABA Law Office.

“Under the IBC, Reliance Retail can participate in the bidding process for Future Group's assets and bid afresh to take over the company’s assets,” Arora added.

Read full article here