The landlords renting to Future Retail Ltd. are becoming anxious about the perishable goods stored
in their properties. Some of them have sought relief from the insolvency court, requesting a prompt
return of their possessions. The landlords claim that since Future Retail went into insolvency, most
of the shops it occupied have been left unattended, without any upkeep, resulting in the spoilage of
perishable goods stored on these premises.
As a result of the moratorium, they were unable to access these properties. A significant amount of
stock, including perishable goods belonging to Future Retail, remains on these premises. The
landlords argue that these goods could pose a permanent threat to their properties and a potential
health hazard.
The Court was then informed by Vijayakumar Iyer's counsel, the resolution professional, that the
matter will be addressed after the committee of creditors reviews the same. According to Iyer, they
are considering a resolution, and the CoC will decide soon on which shops the company plans to
retain to continue as a going concern.
