Kishore Biyani firm Future Ideas Company stares at insolvency

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency petition against Future Ideas Company Limited (FICL), part of the erstwhile Kishore Biyani-led Future Group, filed by Axis Trustee Services Limited, acting as the debenture trustee for Franklin Templeton Asset Management. The tribunal declared a moratorium on the company’s assets and appointed…

Craft brewery Fox Friday enters voluntary administration amid funding woes

Popular Tasmanian craft brewery Fox Friday and its subsidiaries have been placed into voluntary administration after facing significant financial challenges. Owners Sarah and Benn Hooper announced the appointment of McGrathNicol as administrator in a statement released today. The Hobart-based brewery operate the popular ‘Fox Friday’ branded bar on Murray Street in Hobart, alongside two other…