Mumbai, Nov 2 (TIWN) Urging the BSE and NSE to go ahead with the processing of the application of Future Retail's proposed buyout by Reliance Retail Ventures Ltd (RRVL), Future Retail has told the exchanges that it is in deep financial trouble and the deal with Reliance Industries-led RRVL is the only rescue route for the debt-laden company.

In a regulatory filing, Future Retail Ltd (FRL) urged the exchanges not to take cognizance of Amazon's recent letter to them and the Singapore-based arbitration court's interim order.  Just a week ago, an emergency arbitrator in Singapore directed a temporary stay on the proposed acquisition of Future Retail's assets by Reliance Retail.