What businesses can learn from Kishore Biyani's inglorious exit
With his exit, Biyani will join the likes of businessmen who will be remembered, not for the empires that they built, but the value that they destroyed.
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With his exit, Biyani will join the likes of businessmen who will be remembered, not for the empires that they built, but the value that they destroyed.
FRL was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans.
Biyani said FRL is was facing CIRP (Corporate Insolvency Resolution Process) as a "result of unfortunate business situation".
Kishore Biyani was serving as the executive chairman and director of Future Retail Ltd
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.