Future Lifestyle Fashions Limited has informed the Exchange about Corporate Insolvency Resolution Process - 27th meeting of CoC of FLFL held on 30th April 2025
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Future Lifestyle Fashions Limited (FLFL) informed the exchanges that its 27th Committee of Creditors (CoC) meeting was held on Wednesday, 30th April 2025. The company is currently under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional, Mr. Ravi Sethia of KPMG Restructuring Services LLP, is managing the company's affairs, business, and assets. NCLT Mumbai Bench-II originally admitted FLFL into insolvency on 4th May 2023 via CP(IB) No. 959/MB/2022, and the first CoC meeting took place on 6th June 2023.
This is a routine procedural update confirming that the insolvency resolution process remains ongoing with active creditor engagement. Shareholders should note that equity value in FLFL remains at significant risk until a resolution plan is approved by the CoC and the NCLT.