Update on NCLT hearing - Resurgent India Special Situations Fund Vs Future Consumer Limited
Awaiting price reaction for this filing.
Future Consumer Limited received an update on an NCLT Mumbai case filed by Resurgent India Special Situations Fund, a Financial Creditor. The Company's counsel resumed arguments but the Tribunal was not inclined to hear them and instead directed both parties to file written submissions regarding their pleadings. The Company has been given 10 days to file its written submissions, with the Financial Creditor required to respond within one week after that. The matter has been adjourned to 8th June, 2026 for further hearing. This is a continuation of disclosures made by the company on 16th April, 2026 regarding the same case.
The case remains at a preliminary stage with no substantive ruling yet. The procedural delay and ongoing litigation could add uncertainty for shareholders, particularly given the involvement of a Financial Creditor at the NCLT level.