Pinnacle Air has emerged as the sole bidder for the Travel retail business of Future Retail Group, which is operating 85 stores under the WHSMITH brand. They are only the sole bidders who have submitted bids to revive the business as opposed to liquidation plans offered by the other five bidders. As per close industry […]
Debt ridden Future Retail ((FRL) on Wednesday informed in an official statement that Kishore Biyani, who resigned about one and half months before from the company as executive chairman and director, has now withdrew his resignation. The Resolution Professional of FRL, had raised objections on the contents of Biyani’s resignation letter, and had called him […]
Debt-ridden Future Retail, which is insolvent, revealed on Friday that its Resolution Professional has filed a complaint with the National Company Law Tribunal (NCLT) against the company’s past and current directors for creating a loss of Rs 14,809.44 crore to creditors. In the application filed before the Mumbai bench of the NCLT, the Resolution Professional […]
