Future Supply Chain board, lenders approve debt restructuring plan
By
IANS
|
2 Views
Mumbai, April 21 : Future Supply Chain Solutions has said that its board of directors and lenders have approved a debt restructuring plan.
In a regulatory filing, the company said that its board of directors approved the plan on Tuesday.
"The board of directors of Future Supply Chain Solutions Limited at its meeting held on April 20, 2021, has approved a resolution plan to restructure its existing financial debt as permitted under the Resolution Framework for Covid-19-related Stress announced by the Reserve Bank of India," it said.
The said resolution plan has been in-principle agreed by the lenders to the existing debt of the company after assessing the viability of resolution plan.