The Supreme Court on Tuesday allowed Future Retail to move the Delhi High Court to seek permission for continuation of proceedings before the National Company Law Tribunal (NCLT) regarding the sanction for its Rs 27,513-crore deal with Reliance .
Lenders to Future Retail have classified the account as a non-performing asset (NPA), but do not want to take any pre-emptive action and have asked the company to submit a "viable" resolution plan.