Future lifestyle fashions Limited conducted its thirty-fourth Committee of Creditors (CoC) meeting on April 15, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The meeting represents a significant milestone in the company's restructuring proceedings under the Insolvency and Bankruptcy Code 2016.

Regulatory Disclosure and Compliance

The company formally notified both BSE Limited and the National Stock Exchange of India Limited about the CoC meeting through an official communication. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, specifically under sub-clause 16(g) of Clause A of Part A of Schedule III. This regulatory framework ensures transparency and proper disclosure of proceedings to stakeholders and market participants.

Resolution Professional Leadership

Ravi Sethia continues to serve as the Resolution Professional, bringing extensive credentials to the restructuring process. His professional qualifications and regulatory standing provide institutional credibility to the proceedings. The official communication was signed by Sethia in his capacity as Resolution Professional.

CIRP Timeline and Legal Framework

The Corporate Insolvency Resolution Process began following the National Company Law Tribunal order dated May 4, 2023. The proceedings fall under CP(IB) No. 959/MB/2022, handled by the Hon'ble NCLT Mumbai Bench-II. Ravi Sethia's appointment as Resolution Professional was subsequently confirmed during the first CoC meeting held on June 6, 2023.

Under the current arrangement, the Resolution Professional manages all aspects of Future Lifestyle Fashions Limited's operations, including affairs, business activities, and asset management. This comprehensive oversight ensures continuity of operations while the restructuring process progresses through the established legal framework.

The thirty-fourth meeting indicates the ongoing nature of the resolution process, with regular CoC meetings serving as key decision-making forums for creditors and stakeholders involved in determining the company's future direction.

Future Lifestyle Fashions Limited conducted its thirty-third Committee of Creditors (CoC) meeting on March 23, 2026, as part of the ongoing Corporate Insolvency Resolution Process. The meeting represents a continuation of the structured creditor engagement process that has been underway since the company entered CIRP proceedings.

Meeting Details and Regulatory Compliance

The CoC meeting was held in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The notification was made pursuant to sub-clause 16(g) of Clause A of Part A of Schedule III of LODR requirements.

Resolution Professional Management

Ravi Sethia continues to serve as the Resolution Professional for Future Lifestyle Fashions Limited under CIRP. His credentials and registration details demonstrate the formal structure of the insolvency proceedings.

Corporate Insolvency Timeline

The company has been under Corporate Insolvency Resolution Process since 2023, following orders from the National Company Law Tribunal. The proceedings were initiated under the Insolvency and Bankruptcy Code 2016.

Ongoing Process Management

The Resolution Professional manages all affairs, business operations, and assets of Future Lifestyle Fashions Limited during the CIRP proceedings. The regular CoC meetings serve as a mechanism for creditor coordination and decision-making within the insolvency framework established by Indian bankruptcy law.