Future Group: NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process

The Mumbai bench of the National Company Law Tribunal has admitted Future Group's Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process after defaulting on dues of over Rs 65 crore. Ramesh M. Shetty has been appointed as interim resolution professional, and the company's board of directors is suspended.