Future Retail's chairman, director Kishore Biyani resigns, says: 'Have to accept reality'
Image Credit: FPJ
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 his emotional farewell, Kishore Biyani, who was associated with Future Retail Ltd (FRL) since 2007 when it was incorporated, said it was facing CIRP (Corporate Insolvency Resolution Process) as a "result of unfortunate business situation".