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Earlier this week, FRL said 49 entities that included Reliance Retail, the Adani group have submitted Expression of Interest (EoI) for acquiring its assets
Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL.
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company.
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The resolution professional of FRL has filed an application before the Mumbai bench of the National Company Law Tribunal (NCLT) 'seeking exclusion of a period of 90 days from CIRP of FRL, and consequent extension from April 16, 2023, to July 15, 2023, for concluding the CIRP of FRL'