Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are "under verification", said the latest data shared by Future Lifestyle Fashions Ltd (FLFL) on the exchanges. As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week. "We wish to inform you that the first meeting of CoC of Future Lifestyle Fashions Limited (under CIRP) will be held on Tuesday, June 6, 2023," it said. On May 4, the Mumbai bench of the National Company Law Tribunal(NCLT) had directed to initiate CIRP against FLFL, admitting a petition from Bank of India. This is the third company of the Kishore Biyani-led Future Group to be ..

Future Lifestyle Fashions Ltd. has lost -29.55% in the last 1 Month

Future Lifestyle Insolvency: RP receives claims of 2,155.53 crore from financial creditors

Business Line | 02 Jun 2023 1 more

Future Lifestyle Fashions Ltd.

01 Jun 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Notice Of First Meeting Of Committee Of Creditors (Coc) …

BSE India

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of LODR, we wish to inform you that first meeting of Committee of Creditors (CoC) of Future Lifestyle Fashions Limited (under CIRP) will be held on Tuesday, 6th June, 2023.

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Future Lifestyle Fashions Ltd.

01 Jun 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Corporate Insolvency Resolution Process - Intimation Of List Of …

BSE India

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR), please find enclosed herewith the list of Financial Creditors of Future Lifestyle Fashions Limited (under CIRP) as on 29th May, 2023.

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Future Lifestyle Fashions Ltd.

09 May 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Public Announcements - Corporate Insolvency Resolution Process (CIRP).

BSE India

Public Announcements - Corporate Insolvency Resolution Process (CIRP).

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Future Lifestyle Fashions Ltd.

04 May 2023

1.24

-4.62%

India tribunal allows bankruptcy proceedings against Future Lifestyle

Business Standard

A company court on Thursday admitted Bank of India Ltd's petition to begin insolvency proceedings against Future Lifestyle Fashions Ltd on an alleged loan default

Future Lifestyle Fashions Ltd. has lost -29.55% in the last 1 Month

Future Lifestyle Fashions Ltd.

04 May 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Admission Of The Insolvency Petition Filed By The Financial …

BSE India

With reference to the above, please find enclosed herewith the copy of Order of the Hon'ble National Company Law Tribunal ('NCLT') pronounced and uploaded on the NCLT web portal today i.e. 04 May 2023, regarding admission of the petition of Bank of India, filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) before the Hon'ble NCLT on 26 August 2022 against the Future Lifestyle Fashions Limited.

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Future Lifestyle Fashions Ltd.

04 May 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Regulations 30 Of The SEBI (Listing Obligations And Disclosure …

BSE India

With reference to the above, please be informed that the Hon'ble National Company Law Tribunal ('NCLT') has pronounced its Order today i.e. 04 May 2023, allowing the admission of the petition of Bank of India, filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) on 26 August 2022 against the Future Lifestyle Fashions Limited, on alleged amount of default of Rs.495.91 crore. The Hon'ble NCLT while pronouncing the Order, has also approved the appointment of Mr. Ravi Sethia as an Interim Resolution Professional ('IRP') in terms of section 16 of the Code. Kindly take the same on record and acknowledge the receipt.

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Future Lifestyle Fashions Ltd.

15 Mar 2023

1.24

-4.62%

Company Update

Future Lifestyle Fashions Ltd - 536507 - Updates On Other Matters Under The Insolvency And Bankruptcy …

BSE India

Future Lifestyle Fashions Limited has informed the Exchange regarding - Updates on the matters filed under the Insolvency and Bankruptcy Code, 2016 against the Company before the Hon'ble National Company Law Tribunal''.

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