Under IBC, asset protection and recovery key, Sebi told
InGovern’s letter to Sebi follows Mukesh Ambani’s Reliance Industries Ltd taking over stores of the cash-strapped Future Retail, citing defaults in payments.
Proxy adviser InGovern Research Services has written to the Securities and Exchange Board of India (Sebi), alleging Future Retail Ltd’s (FRL) resolution professional failed to safeguard the debt-laden company’s assets for creditors and shareholders.
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