Future Retail heads for liquidation as lenders fail to get suitable buyer
Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitab
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Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitab
Kishore Biyani: Future Retail confirmed the insolvency professional's move to initiate the liquidation process. The application for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016, was filed with the National Company Law Tribunal (NCLT), Mumbai bench, on November 9.
Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in
Trichy: Trichy corporation has fixed 10 and 50 as user fees for parking two-wheelers and cars respectively in the city’s first multi-level car parking.
Kishore Biyani said that the city has enormous consumption, be it clothes, properties, or movies.