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Bank Of India Files Petition Under Section 7 Of IBC Against Future Retail Limited
Pallavi Mishra
22 April 2022 8:58 PM IST
The Bank of India has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC") before the National Company Law Tribunal ("NCLT"), Mumbai Bench, seeking initiation of Corporate Insolvency Resolution Process ("CIRP") against Future Retail Limited ("FRL"). The matter has not been listed yet for its first hearing. A Framework Agreement was entered into between...
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