The National Company Law Tribunal (NCLT) has granted approval to the resolution plan for Reliance Communications Infrastructure Limited (RCIL), a subsidiary of the insolvent Reliance Communications Limited. The endorsed plan was submitted by Reliance Projects and Property Management Services Limited, selected by the Committee of Creditors during their meeting on August 5, 2021. Subsequently, the resolution professional of RCIL filed
The Supreme Court on Monday issued notices to the Future Group and the Competition Commission of India on a plea by Amazon against the June 13 NCLAT’s order which upheld the decision to keep share subscription agreement (SSA) between Amazon and Future private limited. A bench of justices put the matter for detailed consideration on September 19. The court issued
Shareholders of Future Group companies voted over the deal to sell their assets to Reliance Retail. The final result of the voting will be declared after the two meetings of secured and unsecured creditors. The shareholders’ meeting came after an order by the National Company Law Tribunal(NCLT) on February 28 after a Supreme Court order allowed Future Group companies to
