Jindal s plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans for FEL, which owes creditors led by Central Bank of India and its arm Centbank Financial Services a total ₹12,265 crore, the second largest debt pile from the defunct retail giant Future Group.
Axis Trustee Services, one of the financial creditors to Future Retail, has approached the NCLT after the resolution professional rejected its claims worth ₹470 crore out of total claims of ₹1,266 crore
The number of resolution applicants interested in Kishore Biyani’s Future Retail has swelled to 55, as per the final list of aspirants for the bankrupt ..