Reliance Retail Ventures Gets Approval for Future Supply Chain Solutions' Resolution Plan

Reliance Retail Ventures Limited (RRVL) has received approval for its resolution plan for Future Supply Chain Solutions Limited (FSCSL) from the National Company Law Tribunal Mumbai Bench. The plan was approved under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The resolution professional, Mr. Rajan Rawat, had submitted the plan on behalf of FSCSL. The plan involves the reconstitution of FSCSL's board and the granting of key reliefs, concessions, and entitlements. The resolution process was initiated following an application by DHL Ecommerce (India) Private Limited under Section 9 of the Code. The Corporate Insolvency Resolution Process (CIRP) began on 5th January 2023, with Rajan Rawat appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 10th February 2023, and the first CoC meeting was held on 17th February 2023. The CoC was re-constituted twice, with the final list of members as of 27th February 2025. The Fair Value and Liquidation Value of FSCSL were determined to be approximately 1.71 trillion and 1.33 trillion rupees, respectively.