Future Retail's lenders pick Vijaykumar Iyer as RP to take co to NCLT

Future Retail's lenders have selected Vijaykumar Iyer, backed by Deloitte India, as the interim resolution professional (RP) for referring the hypermarket chain to the bankruptcy court. Lenders will approach the Mumbai bench of the National Company Law Tribunal (NCLT) next week, seeking to initiate proceedings against the retailer.