India's Future Retail executive chairman withdraws resignation letter

FILE PHOTO: Kishore Biyani, CEO and founder of India's Future Group poses after the inauguration of Foodhall, a premium lifestyle food superstore by the Future Group, store in Mumbai

BENGALURU (Reuters) - Debt-ridden Future Retail Ltd said on Wednesday Kishore Biyani has withdrawn his resignation as the executive chairman and director of the company.

The company, currently under insolvency proceedings, said "the resolution professional objected to the contents of (Biyani's resignation) letter" and requested him to recall the letter.

Biyani had tendered his resignation on Jan. 23, the company said.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Shailesh Kuber)