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Debt Ridden: NCLT Mumbai bench orders liquidation of Future Retail

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Debt Ridden

NCLT Mumbai bench orders liquidation of Future Retail

This story was originally published at 19:34 IST on July 29, 2024  Back
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The Mumbai bench of the National Company Law Tribunal today directed the liquidation of debt-ridden Future Retail Ltd. The tribunal said that it was evident that the maximum period of the corporate insolvency resolution process had expired, and the committee-of-creditors of Future Retail had not approved a resolution plan.

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