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Kishore Biyani-promoted Future Retail, which is undergoing a corporate insolvency process, received only one eligible resolution plan from Space Mantra even as large conglomerates such as Adani Group and Reliance Industries had made expressions of interest.
"Kishore Biyani - Director of the Company, has filed a writ petition before High Court, Bombay, inter alia challenging the Forensic Audit process, including the Forensic Audit Report dated August 09, 2023, submitted to BOI by BDO India," FRL said.Bank of India is the lead creditor of FRL, and CIRP was initiated against the retailer on its plea.
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.
Salman Khan had bought the Linking Road property for nearly ₹120 crore a decade ago to build a commercial premise.
Kishore Biyani, the former promoter of Future Retail, has filed a petition in the Bombay High Court challenging the forensic audit process of the company. Bank of India had asked Biyani and his brother to respond to the findings of the forensic audit report. The resolution professional of Future Retail had replied to the bank's queries.