Kishore Biyani's Future Retail Faces Liquidation

  • Company Background: Future Retail, once a retail giant under Kishore Biyani’s Future Group, is now facing liquidation.

  • Liabilities: The company has accumulated liabilities exceeding ₹28,452 crore.

  • Financial Creditors: Out of the total liabilities, ₹14,422 crore is owed to financial creditors.

  • Legal Proceedings: The decision for liquidation follows a legal battle and the company’s inability to pay off its debts.

  • Stock Impact: Future Retail Ltd. has lost 99.6% of its stock price since 2017.

  • Next Steps: Creditors are expected to recover a portion of their dues through the sale of the company’s assets.

  • Future Group’s Struggle: This development is a major setback for Kishore Biyani, who was once hailed as the ‘Retail King’ of India.

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