Future Retail gets NCLT nod to push resolution deadline

Debt-laden Future Retail has received approval from the bankruptcy court to extend the date to complete its resolution process by another 90 days to July 15. The current deadline is April 16.

The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retail’s resolution professional on Thursday, granted the exclusion of 90 days from the Corporate Insolvency Resolution Process, the company said in a stock exchange update.