Bankers decide to refer Future Retail to NCLT - Economic Times

The move comes within a week of CSB Bank, owned by billionaire Prem Watsa's Fairfax Group, approaching the Debt Recovery Tribunal (DRT) to seek payment of more than ₹2.5 crore in unsecured debt from FRL and Future Enterprises.

Lenders led by Bank of India last week decided to refer Future Retail Ltd (FRL) to the National Company Law Tribunal (NCLT) for insolvency proceedings over recovery of dues, said two people aware of … [+3077 chars]

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