Niharika Sharma / Quartz
Future Group’s retail arm to face insolvency proceedings amid its tussle with Amazon – The NCLTs insolvency order on Future Retail adds to Amazons woes. Trouble doesnt seem to be ending anytime soon for Indias Kishore Biyani-led Future Group. A court yesterday (July 20) ordered the initiation of insolvency proceedings against Future Retail, its retail arm. The order (pdf) by the National Company Law …
