HomeNewscompaniesFuture Retail directors caused Rs 14,809 cr loss to creditors: Resolution Professional TO NCLT

Future Retail directors caused Rs 14,809 cr loss to creditors: Resolution Professional TO NCLT

In the application filed before the Mumbai bench of the NCLT, the Resolution Professional (RP) has sought direction from the tribunal against the present and erstwhile directors of FRL "to contribute the amount to the company", Future Retail Ltd (FRL) said in a regulatory filing.

Future Retail was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans.

PTI

first published: Mar 10, 2023 11:55 pm

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Future Retail directors caused Rs 14,809 cr loss to creditors: Resolution Professional TO NCLT

In the application filed before the Mumbai bench of the NCLT, the Resolution Professional (RP) has sought direction from the tribunal against the present and erstwhile directors of FRL "to contribute the amount to the company", Future Retail Ltd (FRL) said in a regulatory filing.

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