Bank of India initiates insolvency proceedings against Future Retail
A Bench of judicial member Justice PN Deshmukh and technical member SB Vohra issued notice to Future Retail on an application by the bank under Section 7 of IBC.
Bank of India has approached the National Company Law Tribunal (NCLT) Mumbai against Kishore Biyani promoted Future Retail Limited for initiation of Corporate Insolvency Resolution Process (CIRP).
