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ā¢ The lenders of Future Retail are concerned that the resolution professional, Vijaykumar Iyer, has not yet filed an application for liquidation despite their rejection of the sole revival plan.
ā¢ The RP has also faced criticism for not consulting the lenders before putting Future Retail's inventories on the block.
ā¢ HDFC Bank had previously pointed out that the resolution plan proposed by Space Mantra suffers from gross illegalities.