Lenders of Future Enterprises appoint a forensic auditor

The development comes amidst an out-of-court debt restructuring proposal given by the company to lenders. However, two trade creditors have filed a petition at the bankruptcy court to admit the company for insolvency proceedings. National Company Law Tribunal has not yet given its verdict on admitting the company for insolvency.

from Banking/Finance-Industry-Economic Times https://ift.tt/xWi7qhy