the enterprise will behavior an e-balloting, which commences on september 14 and ends on october thirteen, the organization said in its inventory alternate submitting.
flfl has also sought contributors’ consent for the appointment of bharat ram and neelam chhiber as impartial administrators.
“the employer has sought authorisation from its board to promote, lease, hire, switch or otherwise alienate / cast off constant assets (in-keep retail infra-property) which might be mendacity at non-operational stores of the organization or in every other manner because the board can also deem healthy.” flfl stated in a assertion.
“it is also proposed to utilize the amount of proceed from the above idea for reimbursement of debt and other operational liabilities problem to the approval of the creditors. this would help the enterprise to reduce its debt drastically,” brought flfl.
flfl has in-residence retail chains primary and emblem factory, extraordinary brand stores and different multi-emblem outlets housing clothing labels along with lee copper, champion, indigo kingdom, giovani, john miller, scullers, communicate, and urbana amongst others.