Future Retail asks NCLT for a new RP

The court in Mumbai of the Tribunal will continue to deal with the petition submitted by Amazon against the bankruptcy of the Bank of India (BOIs) against Future Retail on Wednesday.

FEL has defaulted on NCD payments in the recent past. Earlier, on June 8, FEL said it had defaulted on an interest payment of Rs 1.42 crore owed on NCDs for a principal of Rs 29 crore. Before that, on May 18, FEL said it had defaulted on an interest payment of `1.06 crore and earlier on May 14, FEL said it had failed to make any interest payment of Rs 8.94 lakh owed on NCDs.

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