Key Points
Jindal (India), which is part of the BC Jindal Group, has emerged as the sole bidder for Kishore Biyani's Future Enterprises Limited (FEL)..
In July this year, Future Enterprises had mentioned in an exchange filing to the stock exchange that it had received resolution plans from Reliance Retail Ventures, Jindal (India) Ltd, and Donear Industries-owned textiles maker GBTL Ltd...
Avil Menezes, resolution professional of Jindal (India), Reliance Retail and Future Enterprises', had disclosed the names of these three entities as a 'provisional list of prospective resolution applicants'...
In June, Future Enterprises had invited Expression of Interest for its businesses which are across manufacturing, trading and leasing of retail infrastructure across Maharashtra, Karnataka and across India, it said in a stock exchange filing..
On Friday, Future Retail's resolution professional (RP) approached the Mumbai bench of the National Company Law Tribunal to seek initiation of liquidity proceedings of the company, a regulatory filing said...
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