Insolvency plea against Future Enterprises filed in NCLT2 min read . Updated: 18 Aug 2022, 06:02 AM IST
- FEL was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments which were supposed to be transferred to Reliance Retail as part of a ₹24,713-crore deal announced in August 2020
Debt-ridden Future Enterprises Ltd said an operational creditor of the company has filed a plea before the National Company Law Tribunal to initiate insolvency proceedings against it.Future Enterprises Ltd (FEL), part of the Kishore Biyani-led Future Group, is facing difficulties like other firms of the group.
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