Application of Amazon Group against initiation of CIRP of Future Retail Limited dismissed

Amazon.com NV Investment Holdings LLC Vs Future Retail Limited (NCLT Mumbai) Hon’ble National Company Law Tribunal (NCLT), Mumbai dismissed the intervention petition no. 1/2022 filed by Amazon.com NV Investment Holdings LLC (Applicant / Amazon) u/s 65 of Insolvency and Bankruptcy Code (IBC), 2016 read with Rule 11 of the National company Law Tribunal Rules, 2016, against the application u/s Section 7 of IBC filed by Bank of India (Financial Creditor) for initiation of Corporate Insolvency Resolution Process (CIRP) against Future Retail Limited (FRL / Corporate Debtor) with following major ob...