NCLT extends deadline for Future Retail insolvency proceedings

MUMBAI: The National Company Law Tribunal (NCLT) has granted an extension of 90 days to complete the bankruptcy proceedings of Future Retail Ltd (FRL). The lenders of debt-ridden FRL had sought extension for concluding the Corporate Insolvency Resolution Process (CIRP) of the Kishore Biyani-promoted company. The new deadline to complete the resolution process is July 15.