Bankruptcy court admits Kishore Biyani-promoted Future Retail for liquidation

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Kishore Biyani's Future Retail Ltd for liquidation due to the absence of a viable revival plan. Sanjay Gupta has been appointed as the liquidator. The company faces liabilities exceeding Rs 28,452 crore, including Rs 14,422 crore from secured creditors.