The Sensex and Nifty are poised to open tad higher on Wednesday, tracking mixed cues from Asia as well as Wall Street and firm trends on SGX Nifty Futures
The state-owned Bank of India, the leading lender to FRL, has already approached the National Company Law Tribunal (NCLT) for a resolution under the Insolvency and Bankruptcy Code (IBC).
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 NCLT.