“Reforms will make the coal sector more vibrant for consumers of the dry fuel but there will be churn in mining activities. I think Coal India will not have the luxury to drag on loss-making mines and continue with financially inefficient mines,” Coal Secretary A K Jain said while addressing a conference organised by Mjunction.

The two companies on Monday also announced a five-year partnership to launch credit cards globally, which will be powered by the processing stack of Zeta, which had acquired unicorn status in its first fundraise last year.

Meeting of secured creditors of other Future Group holding companies, including Acute Retail Infra, Basuti Sales and Trading, Brattle Foods, Chirag Operating Lease Co, Hare Krishna Operating Lease, Nice Texcot Trading & Agency and Nishta Mall Management, would be held on April 22. A meeting of unsecured creditors of the holding companies will be held on April 23.

The remand copy accessed by CNBC TV-18 said Chitra conspired with Anand and abused her position as the managing director and got him appointed as her chief strategic advisor by creating this post to accommodate him. Chitra conspired with Anand and hired him by coercing NSE human resources.