Future Group's Biyani Brothers Face Lenders' ₹800 Crore Recovery Push
(MENAFN- Live Mint) The Delhi High Court has sought details of assets held by Future Group promoters Kishore Biyani and his brother Rakesh Biyani as lenders move to recover nearly ₹800 crore in dues linked to personal guarantees given for loans to group companies.
A bench of Justice Vinod Kumar on Friday issued notices to the brothers and directed them to file affidavits disclosing their assets, including bank accounts and shareholdings, within a week. The court will hear the matter next on 19 November.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment