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.

Future Retail

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).

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Bank of India

NCLT Mumbai

Future Retail Limited

Insolvency and Bankrupcy Code

Section 7 IBC