Future Lifestyle Fashions Limited (NSEI:FLFL) that ran the Central and Brand Factory stores has received two resolution offers, one each from scrap dealer Space Mantra and fashion retailer Donear Industries Limited (NSEI:DONEAR), people aware of the development told ET. Lenders had rejected Space Mantra?s INR 5,500 million offer for Future Retail because it was too low. Space Mantra was the sole resolution applicant for Biyani?s company Future Retail.

Donear Industries-owned textile maker GBTL had shown interest in acquiring Future Enterprises ? an affiliate of FLFL ? but eventually it did not submit a resolution plan.

BC Jindal Group promoted Jindal (India) was the sole resolution applicant for Future Enterprises, ET reported last week. KPMG-backed resolution professional (RP) Ravi Sethia did not respond to ET?s request for comments.