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Bank of India files for insolvency proceedings against Future Retail
short by Ashley Paul / on 14 Apr 2022,Thursday
Bank of India on Thursday filed a petition with the National Company Law Tribunal to initiate insolvency proceedings against Future Retail for non-payment of dues. This comes amid an ongoing legal battle between Future Retail and Amazon over the former's ₹24,713 crore deal with Reliance Industries. "Amazon wanted to destroy us...they've destroyed us," Future Retail had said earlier.
short by Ashley Paul / 09:51 pm on 14 Apr
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