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Three companies, including Reliance Retail Ventures Ltd (RRVL), have been selected as " prospective" buyers for Future Enterprises, which is currently undergoing the Corporate Insolvency Resolution Process.
It may be recalled that Future Enterprises, which is owned by Kishore Bayani, was admitted for corporate insolvency by the National Company Law Tribunal (NCLT) on February 27.
Besides RRVL, steel maker Jindal (India) and GBTL, maker of polyester viscose & blended fabrics are on the list
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Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in Committee of Creditors, formed for the debt-ridden Future Group firm