Update on NCLT hearing-SBI vs Future Consumer Limited
Awaiting price reaction for this filing.
Future Consumer Limited provided an update on the NCLT (Mumbai) case filed by State Bank of India. The company's counsel appeared and confirmed that the reply to SBI's petition has been filed. SBI's counsel requested time to file a rejoinder, and the matter has been adjourned to 24th March 2026. This is a continuation of an earlier disclosure from 8th January 2026. The case is still in early procedural stages with no order yet passed on the admission of insolvency proceedings.
The matter remains pending and unresolved, with the next hearing about five weeks away. For shareholders, this is a watchlist event — a major lender (SBI) has approached NCLT against the company, which signals potential financial stress, but no insolvency has been admitted yet. The stock could see volatility around hearing dates and depending on the outcome of the rejoinder and subsequent hearings.