Future group lenders plan to drag other group companies to bankruptcy court, seek maximum debt recovery - Moneycontrol

Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.

Creditors of debt-laden Future Group are considering clubbing all group companies under the bankruptcy process after Reliance Industries Ltd called off a deal to acquire the Kishore Biyani-backed com… [+5963 chars]

full article...