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…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…

Fox Friday: Beloved Aussie brewers announce they are going into administration after six years in business

Beloved Aussie brewery Fox Friday is going into administration after coming up against ‘significant financial challenges’. Owners Sarah and Benn Hooper revealed the news via a statement share on social media, saying they were sharing the “tough news” with “heavy hearts”. “Sarah and I have made the difficult decision to place Fox Friday and subsidiaries…