This appeal was filed by Anil Biyani, a Suspended Director of Future Ideas Company Ltd., challenging an order dated 09.04.2025 passed by the National Company Law Tribunal (NCLT), Mumbai Bench-VI, which admitted a Section 7 application filed by Axis Trustee Services Limited.
A Debenture Trust-cum-Mortgage Deed (“DTMD”) dated 15.10.2018 was signed between Axis Trustee Services Ltd. and Future Ideas Company Limited.
A Public Announcement was made on 29.08.2020 by Future Group regarding a major reorganisation of its businesses.
An Acquisition Agreement was entered into on 29.08.2020 between Future Ideas Company Ltd. and Rivaaz Trade Ventures Pvt. Ltd. (“RTVPL”), where debt amounting to Rs.122.83 crores under the Non-Convertible Debentures was acquired by RTVPL.
On 22.10.2020, Axis Trustee Services Ltd. issued a notice to Future Ideas Company Ltd., asking for certain repayment.
On 09.04.2025, the NCLT Mumbai Bench-VI admitted Section 7 Application filed by Axis Trustee Services Limited.
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A Debenture Trust-cum-Mortgage Deed was signed…
Future Group made a Public Announcement…
This appeal was filed by Anil Biyani, a Suspended Director of Future Ideas Company Ltd., challenging an order dated 09.04.2025 passed by the National Company Law Tribunal (NCLT), Mumbai Bench-VI, which admitted a Section 7 application filed by Axis Trustee Services Limited.
A Debenture Trust-cum-Mortgage Deed (“DTMD”) dated 15.10.2018 was signed between Axis Trustee Services Ltd. and Future Ideas Company Limited.
A Public Announcement was made on 29.08.2020 by Future Group regarding a major reorganisation of its businesses.
An Acquisition Agreement was entered into on 29.08.2020 between Future Ideas Company Ltd. and Rivaaz Trade Ventures Pvt. Ltd. (“RTVPL”), where debt amounting to Rs.122.83 crores under the Non-Convertible Debentures was acquired by RTVPL.
On 22.10.2020, Axis Trustee Services Ltd. issued a notice to Future Ideas Company Ltd., asking for certain repayment.
On 09.04.2025, the NCLT Mumbai Bench-VI admitted Section 7 Application filed by Axis Trustee Services Limited.
…A Debenture Trust-cum-Mortgage Deed was signed…
Future Group made a Public Announcement…