Big Bazaar Stores

Redeem ASAP as most likely Bigbazaar will be declared bankrupt any day.

This time I feel Reliance should have taken over it. Bigbazaar is a childhood emotion for me we used to go there every weekends and I used to demand every little thing from here and there 😖

Shame on you Amazon for strategically making our very own Bigbazaar bankrupt. We all will remember this 😤

Reliance has called off future group deal

Hmare yahan ka to big bazaar hi band hai 😭

i’ve balance stuck in EasyDay wallet…pls share if anyone knows any working store in Delhi/NCR

so this is the reason why their website is showing under upgradation from weeks.. Sad to see all small firms giving up against reliance adani etc 😓

buy big Bazar GV at 50%

This Reply Come From Twitter Handle. Hope They Open Store In 10 Days

some info for the grey cells :

"“There is a high possibility that Reliance may decide to further play it dirty and may pick up the remaining assets of Future through insolvency if the lenders and the FRL are not bringing back the 850 stores that were given to Reliance,” said a person with knowledge about Amazon’s legal strategy. “If FRL may still go into insolvency, there again is a high possibility that Reliance may decide to bid for the company. But then this would make it very clear that there was collusion between lenders, FRL and Reliance to swindle Rs 7000 crore of public money.”"

Indeed, this tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7 per cent stake in textile manufacturer Alok Industries Ltd for Rs 250 crore. Reliance had jointly with JM Financial Asset Reconstruction Co Ltd bid for acquiring Alok Industries which was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans. This year, Sintex Industries' lenders approved the joint bid of Reliance Industries (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles firm under the insolvency resolution process.

“With the rejection of the scheme by the lenders and further intimation by Reliance that it would not pursue it's scheme shows Reliance in a poor light,” said K Narasimhan, advocate, Madras High Court. “It appears that FRL colluded with Reliance which has resulted in depletion of value of FRL. This merits action by relevant regulators specifically the RBI,” said Narasimhan.

"Will the lenders exercise rights to bring back the stores? Promoters of FRL may face possible legal actions tantamount to criminal negligence by voluntarily surrendering the store to Reliance," said a person with knowledge about Amazon's legal strategy. "Lenders may face scrutiny by the RBI and SEBI if they do not pursue actions to bring back alienated stores."

Mumbai Ram Mandir Hub Mall

DEHRADUN wale dono Big bazaar band h. How to use Future Pay Balance now?

I don’t think this will ever open

https://economictimes.indiatimes.com/industry/s...

Any store is still working ?? 

All vouchers invalid? Is reliance smart bazaar honoring? I had about 1500 in future pay too, which i don't see any more