Future Retail heads towards liquidation after lenders are unable to find a suitable buyer.
Future Retail, once the prized asset of Kishore Biyani’s Future Group, is now on the verge of liquidation after failing to attract a viable buyer amid its financial struggles. The Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra, prompting the company’s resolution professional to initiate the liquidation process for Future…