New Delhi: Lenders Future Retail Limited According to a document released on the company’s website on Monday, it has filed debt claims of about $2.64 billion under the ongoing insolvency process.
Earlier this year a Mumbai court had ordered bankruptcy proceedings against him. Future Retail After defaulting on loans with more than 30 entities and its secured lenders rejected a $3.4 billion sale of its retail assets to the market leader Reliance Industries ,
The latest claims were filed by 33 banks including Bank of New York Mellon, State Bank of India, HDFC Bank and Barclays Bank Plc.
As the bankruptcy case progresses, loan claims made by lenders may change based on what the lenders calculate.
Earlier this year a Mumbai court had ordered bankruptcy proceedings against him. Future Retail After defaulting on loans with more than 30 entities and its secured lenders rejected a $3.4 billion sale of its retail assets to the market leader Reliance Industries ,
The latest claims were filed by 33 banks including Bank of New York Mellon, State Bank of India, HDFC Bank and Barclays Bank Plc.
As the bankruptcy case progresses, loan claims made by lenders may change based on what the lenders calculate.