Kolkata-based Jindal’s plan was the only one that was submitted to the creditors till last week, as per the report. November 10 was the last date to submit the resolution plans for Future Enterprises Limited.

Future Enterprises insolvency: Jindal (India) emerges as the sole bidder for Kishore Biyani’s company, says report

Reliance Retail, Jindal and GBTL in final list for Future Enterprises’ resolution. Process for Future Retail and Future Lifestyle Fashions still ongoing. Resolution applicants for Future Enterprises have been finalized: Reliance Retail Ventures, Jindal (India) Ltd and GBTL Ltd. Future Retail and Fut…

Reliance Retail in final list of resolution applicants for Future Enterprises

Reliance Retail Ventures, Jindal (India) and GBTL have been selected as prospective buyers for Future Enterprises. CIRP was initiated by NCLT in March over plea from operational creditors. Reliance is also on list for Future Retail, facing CIRP. FEL committed defaults on payment of interest on NCDs.…

Reliance Retail among prospective buyers for Future Enterprises

Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a ’provisional list of prospective resoluti…

Reliance Retail, Jindal (India) make offers to acquire bankrupt Future Enterprises

On February 27, the National Company Law Tribunal (NCLT) admitted Kishore Biyani’s Future Enterprises for corporate insolvency.

Mukesh Ambani’s Reliance Retail Ventures makes offer to take over Future Enterprises along with Jindal (India), GBTL

FEL’s resolution professional has identified 3 PRAs for CIRP, namely Jindal (India) Ltd, Reliance Retail Ventures Ltd and GBTL Ltd. Deadline for submission of EOI and resolution plans is June 30 and August 24 respectively.

Jindal (India), Reliance Retail emerge as prospective resolution applicants for Future Enterprises

The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by Foresight Innovations, an operational creditor.

Most Future Enterprises lenders back Avil Menezes as resolution professional

Taking a step forward for debt resolution, the interim resolution professional of debt-ridden Future Enterprises Ltd (FEL) has reconstituted the Committee of Creditors and claims of more than Rs 12,265 crore have been admitted from both secured and unsecured financial creditors.

Future Enterprises CoC re-constituted, claims over Rs 12,265 cr admitted

The last date of receipt of interest is set at June 25 and the provisional list will be out on July 5. The last date of submissions for objections of the provisional list is July 10

Future Enterprises invites expression of interest for assets across India

The resolution professional for Future Enterprises has invited expressions of interest for its resolution, the last date for such submissions being June 25.

Future Enterprises’ RP invites EoIs for resolution

Biyani’s flagship company Future Retail, which operates large-format hypermarkets, is undergoing insolvency proceedings since last July; it has failed to attract buyers, ET reported on March 1. The company has admitted claims of ₹19,185 crore from financial creditors.

NCLT allows insolvency plea against Future Enterprises

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Future Enterprises Limited is engaged in the business of multi brand retail trading. It owns and operates stores like Big Bazaar, fbb, Food Bazaar, Foodhall, HomeTown and Ezone.