Future Consumer Limited discloses an update on its NCLT hearing regarding a petition filed by Resurgent India Special Situations Fund.
Company's counsel argued the claim is barred by limitation as the first default occurred in May 2022, beyond the limitation period.
Resurgent countered by referencing the company's FY 2024-25 financial statements where the NCDs and related debt were reflected.
The matter has been adjourned to 17th April 2026 for further hearing and arguments on the limitation defense.