Wed 02/09/2022 05:50 AM
Future Retail’s onshore lenders are as of now still undecided if they want to pursue a restructuring under the Reserve Bank of India’s June 7, 2019,
circular relating to the framework of resolution of stressed assets, which was one of the proposals discussed at the Feb. 4 joint lenders meeting (JLM), according to two sources with direct knowledge.
Consequently, the onshore lenders will “soon” hold another JLM once the company responds with a solution to repay the defaulted INR 34.946 billion...
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