After the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -Future Lifestyle Fashions, and Future Supply Chain Solutions, Future Consumer, and Future Enterprises, according to industry sources.
However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT).
According to some industry sources, other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors.
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