The SAT concluded that Biyani and Future had not indulged in insider trading since the information based on which they had made their trades was "generally available" in the public domain through various media reports.
The retailing pioneer believes that a person can do limited hours of work throughout his or her lifetime - whether s/he does it now or later depends on the person. His 'words of wisdom' come at a time when fierce debate is going on whether the country's work culture has to be changed from 8 hours a day to 12-14 hours a day.
The founder of the Future Group, Kishore Biyani, has approached the Bombay High Court challenging the forensic audit process and report on the accounts of the Future Retail Ltd. (FRL) company.
Kishore Biyani has stepped down from the suspended board of Future Retail and has resigned as chairman and director of the company, which is currently facing insolvency proceedings before the NCLT.