Future Lifestyle Fashions Limited Conducts Thirty-Third Committee of Creditors Meeting
Future Lifestyle Fashions Limited held its thirty-third Committee of Creditors meeting on March 23, 2026, under Resolution Professional Ravi Sethia's management. The company remains under Corporate Insolvency Resolution Process initiated by NCLT Mumbai Bench-II order dated May 4, 2023. The meeting was conducted in compliance with SEBI LODR Regulation 30 requirements as part of ongoing creditor engagement processes.
*this image is generated using AI for illustrative purposes only.
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.
| Meeting Details: | Information |
|---|---|
| Meeting Number: | Thirty-third CoC meeting |
| Date: | March 23, 2026 |
| Day: | Monday |
| Regulatory Framework: | SEBI LODR Regulation 30 |
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.
| Professional Details: | Information |
|---|---|
| IP Registration: | IBBI/IPA-001/IP-P01305/2018-2019/12052 |
| AFA Certificate: | AA1/12052/02/031224/106457 |
| Certificate Validity: | December 31, 2026 |
| Organization: | KPMG Restructuring Services LLP |
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.
| CIRP Timeline: | Details |
|---|---|
| NCLT Order Date: | May 4, 2023 |
| Court: | NCLT Mumbai Bench-II |
| Case Number: | CP(IB) No. 959/MB/2022 |
| First CoC Meeting: | June 6, 2023 |
| Current Status: | Under CIRP |
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.
Historical Stock Returns for Future Lifestyle Fashions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.69% | +1.67% | -31.84% | -6.15% | -97.62% |
What potential resolution plans are likely to emerge as the CIRP process approaches its statutory timeline limits?
How might the outcome of Future Lifestyle Fashions' insolvency proceedings impact other retail companies in India's fashion sector?
Will the Resolution Professional's certificate validity until December 2026 provide sufficient time for a successful resolution?
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