Update on NCLT hearing -Resurgent India Special Situations Fund Vs Future Consumer Limited
Awaiting price reaction for this filing.
Future Consumer Ltd filed an update on the NCLT (Mumbai) hearing in a case brought against it by Resurgent India Special Situations Fund. Both parties' counsels presented arguments before the bench on two main contentions: whether Future Consumer qualifies as an NBFC and whether the company petition is barred by limitation. The NCLT bench has reserved its order on the matter. This is a continuation of an earlier disclosure made on April 17, 2026. No specific financial amounts or timelines have been disclosed at this stage.
The NCLT order is pending and remains a key event for shareholders to watch. An adverse ruling — particularly one admitting insolvency proceedings — could materially affect the company's financial standing and stock price, while a favourable order would remove a significant overhang.