InvestorQ : Why has Future group asked for 2 more months to resolve default crisis?
Aditi Sharma made post

Why has Future group asked for 2 more months to resolve default crisis?

Answer
image
Mahima Roy answered.
3 months ago
Follow

Future Retail asked Supreme Court for 2 weeks to arrive at resolution with lenders after skipping the 1 month grace period. The only other option is for FRL to be classified as NPA by lending banks. Lenders now want an open bid between Amazon and Reliance to ensure recovery for banks. Time may be running for FRL.

23 Views