Future Lifestyle Fashions Holds 35th Committee of Creditors Meeting Under CIRP

1 min read     Updated on 01 May 2026, 12:58 PM
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Future Lifestyle Fashions Limited conducted its thirty-fifth Committee of Creditors meeting on April 28, 2026, as part of its ongoing Corporate Insolvency Resolution Process. The company formally notified BSE and NSE about the meeting in compliance with SEBI regulations, with Resolution Professional Ravi Sethia continuing to manage the company's affairs under NCLT supervision since the process began in May 2023.

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Future Lifestyle Fashions Limited conducted its thirty-fifth Committee of Creditors (CoC) meeting on Tuesday, April 28, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The meeting was formally communicated to stock exchanges through an official notice in accordance with regulatory requirements.

Regulatory Compliance and Exchange Communication

The company issued formal notices to both BSE Limited and The National Stock Exchange of India Limited regarding the CoC meeting. The communication 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.

Exchange Details: Information
BSE Scrip Code: 536507
BSE Debt Scrip Code: 957150
NSE Symbol: FLFL
Meeting Date: Tuesday, April 28, 2026
Meeting Number: Thirty-fifth CoC meeting

Resolution Professional Management

Ravi Sethia continues to serve as the Resolution Professional for Future Lifestyle Fashions Limited, managing the company's affairs under the CIRP framework. His professional credentials and contact information were detailed in the official communication to ensure transparency and stakeholder accessibility.

Professional Details: Information
Resolution Professional: Ravi Sethia
IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052
AFA Certificate: AA1/12052/02/31126/108915
Certificate Validity: Until December 31, 2026
Organization: KPMG Restructuring Services LLP
Office Address: 8th Floor, Building No.10, DLF Cyber City, Phase II, Gurgaon, Haryana, 122002

Corporate Insolvency Process Background

Future Lifestyle Fashions Limited remains under the Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code 2016. The company's affairs, business, and assets continue to be managed by the Resolution Professional under National Company Law Tribunal supervision.

CIRP Timeline: Details
NCLT Order Date: May 4, 2023
Court Reference: CP(IB) No. 959/MB/2022
Tribunal: Hon'ble NCLT Mumbai Bench-II
First CoC Meeting: June 6, 2023
Current Meeting: Thirty-fifth CoC meeting

Stakeholder Communication Channels

The Resolution Professional maintains dedicated communication channels for stakeholders through email addresses ravisethia@kpmg.com and cirpfll@gmail.com . This ensures continued transparency and accessibility throughout the resolution process as the company progresses through its restructuring journey under the established legal framework.

Historical Stock Returns for Future Lifestyle Fashions

1 Day5 Days1 Month6 Months1 Year5 Years
+1.33%-2.56%+22.58%+1.33%-19.58%-97.47%

What potential resolution plans are likely to emerge as the CIRP approaches its final stages after 35 CoC meetings?

How might the December 2026 expiry of the Resolution Professional's certificate impact the timeline for completing the insolvency process?

What are the prospects for creditor recovery given the extended duration of nearly three years since the NCLT order?

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Future Lifestyle Fashions Conducts 34th Committee of Creditors Meeting Under CIRP

2 min read     Updated on 22 Apr 2026, 05:01 AM
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Future Lifestyle Fashions Limited conducted its thirty-fourth Committee of Creditors meeting on April 15, 2026, as part of its ongoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. Resolution Professional Ravi Sethia from KPMG Restructuring Services formally disclosed the meeting to BSE and NSE in compliance with SEBI LODR Regulations, with the CIRP proceedings continuing under NCLT Mumbai Bench-II supervision since May 2023.

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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.

Meeting Details: Information
Meeting Number: Thirty-fourth CoC meeting
Date: April 15, 2026
Company Status: Under CIRP
BSE Scrip Code: 536507
NSE Symbol: FLFL
Regulatory Compliance: SEBI LODR Regulation 30

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.

Professional Details: Information
Resolution Professional: Ravi Sethia
IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052
AFA Certificate: AA1/12052/02/31126/108915
Certificate Validity: Until December 31, 2026
Organization: KPMG Restructuring Services LLP
Office Location: 8th Floor, Building No.10, DLF Cyber City, Phase II, Gurgaon, Haryana, 122002
Email Contacts: ravisethia@kpmg.com , cirpflfl@gmail.com

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.

Historical Stock Returns for Future Lifestyle Fashions

1 Day5 Days1 Month6 Months1 Year5 Years
+1.33%-2.56%+22.58%+1.33%-19.58%-97.47%

What potential resolution plans are creditors likely to consider as the CIRP process extends beyond three years?

How might the extended timeline impact Future Lifestyle Fashions' market position in India's competitive retail sector?

Will the approaching December 2026 expiry of the Resolution Professional's certificate create urgency in finalizing the restructuring process?

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