Bankruptcy court approves Future Supply Chain Solutions' acquisition by Reliance Retail
The bankruptcy court in Mumbai approved Reliance Retail Ventures Ltd’s (RRVL) resolution plan for Kishore Biyani-promoted Future Supply Chain Solutions Ltd (FSCSL), paving the way for the logistics arm of the erstwhile Future Group to formally join the Reliance stable.
Before the tribunal’s approval, the secured lenders of the company had approved the revival plan submitted by Mukesh Ambani-promoted RRVL, with 91.71% voting in its favour.
Before the tribunal’s approval, the secured lenders of the company had approved the revival plan submitted by Mukesh Ambani-promoted RRVL, with 91.71% voting in its favour.
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