Future retail insolvency: ‘Directors caused more than ₹14,800 cr loss to creditors’
Debt-ravaged Future Retail Ltd, which is in insolvency proceedings, said on Friday that its Resolution Professional has petitioned the National Company Law Tribunal (NCLT) against the company’s former and current directors for causing a loss of €14,809.44 crore to creditors.
causedcreditorsDebt-ridden future retailDirectorsFuturefuture retailFuture Retail BVFuture retail directorsinsolvencylossloss to creditors of Future RetailNational Company Courtretail
Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.