Lenders to Future Retail , the company being fought over by Reliance Industries and Amazon.com Inc, have told India’s Supreme Court that its assets should be put up for auction after it missed payments.
They also said they have started classifying loans to the country’s second-largest retailer as non-performing and would have to make combined provisions of 80 billion-90 billion rupees ($1.1 billion-$1.2 billion) due to the non-payment.
