Future Consumer Limited Update: NCLT Hearing Adjourned to June 4, 2026
Future Consumer Limited reported an update concerning its ongoing proceedings before the National Company Law Tribunal (NCLT), following a dispute initiated by the State Bank of India (SBI). The matter is a continuation of the company's earlier disclosure regarding the case filed at NCLT (Mumbai).During the hearing, counsel appeared for Future Consumer Limited and argued that the financial creditor had delayed the process by recently serving the amended Form-1. The company’s counsel emphasized that this breach of timeline necessitated additional time for Future Consumer Limited to file a formal reply to the amended form.
In response, the counsel for the financial creditor stated that the delay was attributed to the unavailability of bank officials due to year-end closing and audits.
After hearing arguments from both parties, the Hon'ble Tribunal granted Future Consumer Limited one week to file the required reply to the amended form. Consequently, the matter has been adjourned to June 4, 2026. Future Consumer Limited stated that it will provide further updates on the matter.
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