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Kishore Biyani, founder of the Future Group, has challenged the forensic audit process and report submitted by accounting firm BDO India LLP and its lender, Bank of India, at the Bombay High Court. Biyani has filed a writ petition against Future Retail, BDO India, and Bank of India. The matter will be heard on September 31. This development comes after Bank of India asked Future Retail and its promoters to respond to a forensic audit report. Future Retail was admitted under the Corporate Insolvency Resolution Process last year, with admitted claims of over Rs 19,185 crore.

Get latest articles and stories on Business at LatestLY. Kishore Biyani-led Future Retail's Chief Financial Officer (CFO) C P Toshniwal has resigned from the company with effect from May 12. Business News | Future Retail's Chief Financial Officer C P Toshniwal Resigns.

Kishore Biyani-led Future Retail Chief Financial Officer (CFO) C P Toshniwal has resigned from the company with effect from May 12.

Future Retail said that Amazon wanted to destroy it, and it succeeded, as the legal battle continues over Future Retails's merger deal with Reliance.

Amazon moves NCLAT against CCI order suspending 2019 Future Coupons' two-year-old deal approval