Kishore Biyani has stepped down from the suspended board of Future Retail and has resigned as chairman and director of the company, which is currently facing insolvency proceedings before the NCLT.
In a letter to insolvency resolution professional Vijaykumar Iyer, Biyani stated that he had continued to serve as chairman of the company even after the initiation of the CIRP (Corporate Insolvency Resolution Process) and suspension of the Board
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