Lenders weigh legal action over Future Retail store transfer - Business News: Latest News & Videos about market and economy | Trendmergers

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Lenders weigh legal action over Future Retail store transfer

In the late evening meeting on Friday, lenders raised concerns over the worth of their securities as Future Retail had raised loans from domestic lenders by hypothecating all present and future inventories within the stores. "This has amounted to alienation of assets hypothecated to us without our approval," said one of the lenders.

from Industry-Economic Times
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