Tag: Future Retail bankruptcy

The National Company Law Tribunal (NCLT) has extended the deadline to September 15 for completion of the insolvency resolution process of debt-ridden Future Retail Ltd (FRL).The decision came on an application moved by the company's Resolution Professional before the tribunal's Mumbai bench seeking to exclude a period of 29 days from the process, according to a regulatory filing."NCLT on September 7, 2023, heard the application and granted the said exclusion of 29 days' from CIRP of FRL. Consequently, the last date for completion of CIRP of FRL is...