Tag: Bankruptcy

MUMBAI: The curtains are closing on the saga of one-time Raja of Retail, Kishore Biyani's flagship. The insolvency professional overseeing the bankruptcy proceedings has proposed the liquidation of Future Retail, the bankrupt company that lost most of its key locations after Reliance Retail took over their tenancy.In a letter to the exchange, Future Retail said after the committee of creditors did not approve the resolution plan from Space Mantra, a platform for construction materials, for Future Retail (FRL), the resolution professional has taken the next step.On November 9,...