Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Future Market Networks Limited updates on possession of its property under SARFAESI Act

Posted On: 2023-09-15 12:17:04 (Time Zone: IST)

Future Market Networks Limited has provided collateral security towards the loan availed by Hare Krishna Operating Lease Private Limited ("Borrower" / a promoter group company) from Hero FinCorp Private Limited (Lender). The Borrower defaulted the payment to the Lender. The matter was referred under SARFAESI Act.

The Hon'ble Chief Metropolitan Magistrate at Esplanade, Mumbai refereeing to Securitisation Application No.84/SA/2023, an application Under Section 14 of the SARFAESI Act allowed and Authorized Officer (As per 'SARFAESI Act') to take over possession of the below mentioned secured assets on behalf of the Lender vide their order uploaded on September 14, 2023.

Details of collateral security provided by the Company

All that piece and parcel of the commercial unit ('Unit') admeasuring approximately 43,096 sq.ft., carpet area of the first floor and second floor including W.C. Blocks admeasuring 1933.70 sq.ft. in the building known as 'R Mall' situated at Lal Bahadur Shastri Marg (formerly known as Bombay Agra Road), in the revenue village of Mulund (West) in Greater Mumbai, Taluka Mulund, District Mumbai Suburban in Greater Mumbai. Together with all right, title and interest of the Mortgagor in relation to the Unit and the right to common areas and facilities of the Property appurtenant to the Unit as well as any parking spaces allotted to such Unit.

Advocate Mr. Abhishek Mahendra Singh, R/o, 459, Guruprasad Steel Centre, New Mill Road, Kurla (W), Mumbai is hereby appointed as Court Commissioner to take over possession of the aforesaid secured assets of the Company.

As on date the Unit is non-operational and the Company is in the process of seeking legal advice in this regard and shall update details in due course as and when required.

Shares of Future Market Networks Limited was last trading in BSE at Rs. 5.98 as compared to the previous close of Rs. 6.17. The total number of shares traded during the day was 28828 in over 78 trades.

The stock hit an intraday high of Rs. 6.32 and intraday low of 5.90. The net turnover during the day was Rs. 172946.00.

Click here to send ur comments or to

Other Headlines:

Nibe Ltd enters into collaboration agreement with Hewlett Packard Enterprise India Pvt Ltd

SAMHI Hotels Ltd closed at 17% premium to its issue price of Rs 126 per share

Delta Corp Limited gets notice to pay tax liability of Rs. 11139.61 crore

Karnataka Bank to raise up to ? 1,500 crores

Cosmic CRF Ltd bags order from Hindusthan Engineering & Industries Limited

Inox Green Energy Services Ltd to acquire majority stake in Resowi Energy Pvt Ltd

Hindustan Foods Ltd board approves fund raising through issue of convertible warrants

Regency Ceramics Ltd kickstarts its revival, commences product deliveries in Chennai

Cigniti Technologies Recognized as a Leader in Everest Group's Quality Engineering Services PEAK Matrix® Assessment 2023

SBI raises Rs. 10,000 crores through 4th infrastructure bond issue

Federal Bank Hosted a Cricket Extravaganza: ICC Men's Cricket World Cup Trophy Tour Arrived with a Bang!

Ircon International signs contract with Sri Lanka Railways, Ministry of Transport, Sri Lanka

Shop TJC, UK acquires assets of 'Ideal World'? a major teleshopping brand in UK

Lemon Tree Hotels launches its third property in Himachal Pradesh with Lemon Tree Hotel, Mcleodganj

Lancor Holdings Ltd receives Premium FSI approval from CMDA for Lancor Infinys at Keelkattalai

Zen Technologies Ltd receives order worth Rs. 227.65 crores

Central Bank of India enters into Co-Lending partnership with ECL Finance Ltd

KPI Green Energy Ltd receives LOI for 145.20 MW Hybrid Power Project

ANZ selects HCLTech to advance workplace experience

Crompton honored with Safe-Tech Award 2023 for championing safety awareness at its Baddi Plant

IRM, India Affiliate partners with Tata Consumer Products to integrate and strengthen Enterprise Risk Management in the FMCG sector

Shri Parshottam Rupala, Union Minister for Fisheries to launch SISTA360 at Seminar hosted by Kings Infra

Lupin acquires Five Brands from Menarini

Inflame Appliances Ltd announces partnership with Havells for Kitchen Aplliances

Syschem India Ltd approves 1:4 rights issue at Rs. 40 per share

NCC Ltd - J Kumar Infraprojects Ltd JV wins order worth Rs. 6301.08 crores

Lloyds Enterprises Ltd to acquire 7% stake in Lloyds Metals & Minerals Trading LLP

Diamines and Chemicals Limited gets listing approval from NSE

EQUIPPP welcomes Mr. Guruprasad Sowle as an Advisor

Suzlon secures an order of 29.4 MW from BrightNight

Wardwizard Group appoints new Leadership to drive Innovation in the Electric Vehicle Industry

HDFC Bank reduces stake in HOEC

ICICI Lombard General Insurance Company Ltd announces resignation of MD and CEO

IFC, Sunteck Realty Create Joint Platform to invest up to INR 7,500 million to Expand Green Urban Housing in Maharashtra

IndiGo and British Airways announce new codeshare partnership

NBCC India Ltd bags order from SAIL Bhilai Steel Plant

Muthoot Finance Ltd to raise ?700 crores through Public Issue of Secured Redeemable NCDs

HCLTech receives GSI Partner of the Year Award at Denodo DataFest 2023

Adani Kattupalli Port in association with Adani Foundation to set up a Community Hall at Sattankuppam village

ICRA Analytics Collaborates with FactSet to provide users with daily Security Level Valuation of fixed income securities

LIC increases stake in Gujarat Gas Ltd

Tamilnad Mercantile Bank says glitch in processing NACH credit file resulted in wrong credit

Wipro appoints Aparna C Iyer as Chief Financial Officer

Black Box strengthens India presence with new Center of Excellence

Innovative Ideals and Services India Ltd receives order of Rs. 35 lakhs

Natural Biogenex Pvt Ltd performs inauguration at Tumkur unit

SPEL Semiconductor Limited to sell 8.14 acres land in Maraimalai Nagar

DMR Hydroengineering & Infrastructures Ltd receives work order worth Rs. 12.50 lakhs

AVG Logistics Limited grabs Long term Business Order worth INR 72 Crore from India's leading FMCG Company

ideaForge Technology Ltd receives order worth Rs. 58 crores

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020