Future Retail Ltd’s director Rahul Garg has resigned from the board, a regulatory submitting by the debt-ridden firm mentioned on Tuesday.
“Rahul Garg, Non-Government Director has resigned from the Board of Administrators and different Committees of the Board with impact from 14th March, 2022,” mentioned Future group agency.
The corporate appreciates his useful contribution and assist made throughout his tenure as Director of the Firm, it mentioned.
Future Retail, which operates numerous codecs akin to Large Bazaar, Koryo, Foodhall and Easyday is a part of the 19 Future group firms, which might be transferred to Reliance Retail as a part of Rs 24,713 crore deal introduced in August 2020.
The deal is contested by e-commerce main amazon and is underneath litigation at numerous boards together with Supreme Courtroom, Delhi Excessive Courtroom and Singapore Worldwide Arbitration Centre.
