FRL in SC; seeks time to repay ₹3,500 cr debt
The Morning Standard|January 26, 2022
FUTURE Group on Tuesday filed a petition in the Supreme Court against its lenders, asking not to be declared defaulters and seeking an extension to execute ₹3,500 crore payments to its lenders. In its filing, reviewed by TNIE, Future Retail said it was unable to service the debt due to legal challenges from Amazon.
SAMIKSHA GOEL

Future this month had told Indian exchanges it was unable to pay ₹3,500 crore to its lenders on Dec 31 as it could not sell small stores.

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