Date: June 4, 2026
NCLT Proceedings
Case Background:
- State Bank of India filed case against Future Consumer Limited at NCLT Mumbai
- Previous disclosure made on April 23, 2026 regarding this matter
Hearing Details - June 4, 2026:
- SBI counsel presented: sanction letters, recall notice, NESL report showing debt authenticated by company, revival letter regarding claim
- Company counsel submitted: ongoing arbitration with JV partner, expectation of positive order
- Company counsel raised: parallel matter before same bench regarding whether company qualifies as NBFC due to investment size (part-heard matter)
- Company requested this matter be heard after the NBFC classification matter since same issue would arise
NCLT Order:
- Matter adjourned to June 8, 2026
- To be heard alongside Resurgent matter
- Direction to company to file written submissions before next hearing date
Future Updates:
- Company committed to providing continued updates on the matter
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015