₹171 Crore Resolution Plan of Reliance Retail for Future Supply Chain Solutions Approved: NCLT

The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a ₹171 crore resolution plan submitted by Reliance Retail Ventures Limited (RRVL) for Future Supply Chain Solutions Limited (FSCSL). This plan was sanctioned under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, marking the successful completion of the Corporate Insolvency Resolution Process (CIRP) for the logistics arm of the former Future Group. Background of the Case and…