Future Lifestyle Fashions Limited has informed the Exchange about Corporate Insolvency Resolution Process - 26th meeting of CoC of FLFL (under CIRP) held on 26th March 2025.
FLFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Future Lifestyle Fashions Limited (FLFL), currently under the Corporate Insolvency Resolution Process (CIRP), held its 26th meeting of the Committee of Creditors (CoC) on 26th March 2025. The company has been under insolvency proceedings since 4th May 2023, when the NCLT Mumbai Bench-II admitted it into CIRP. The meeting is being conducted by the Resolution Professional, Mr. Ravi Sethia of KPMG Restructuring Services LLP. The filing is a routine procedural intimation to the stock exchanges and does not disclose any specific outcome or resolution plan from the meeting.
No new resolution or financial impact is disclosed in this filing. For shareholders, this signals that the insolvency process is still ongoing after nearly two years, keeping uncertainty around share value and any potential recovery for equity holders, who are typically last in line under IBC.