Future Lifestyle Fashions (FLFL), a Kishore Biyani-promoted company, has received two resolution offers from scrap dealer Space Mantra and fashion retailer Donear Industries. Space Mantra s Rs 550-crore offer for Future Retail was rejected by lenders due to its low price. Donear Industries-owned textile maker GBTL showed interest in acquiring Future Enterprises, but did not submit a resolution plan.
Future, in a new court filing at the Supreme Court on Tuesday, asked judges to order its lenders and the country's central bank to grant more time to execute the sale, and not be classified as a defaulter.