NCLT defers SBI hearing to July 15, 2026
The National Company Law Tribunal (NCLT) has deferred the hearing for the State Bank of India (SBI) case against Future Consumer Limited to July 15, 2026. This adjournment follows the reservation of orders in a related matter involving Resurgent India Special Situations Fund, which concerns the company's NBFC status and filing limitations. Future Consumer Limited confirmed it will continue to update the exchanges on these proceedings.

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The National Company Law Tribunal (NCLT) has deferred the hearing in the case filed by State Bank of India (SBI) against Future Consumer Limited to July 15, 2026. The bench postponed the matter because orders have been reserved in a separate proceeding involving the same corporate debtor, Resurgent India Special Situations Fund versus Future Consumer Limited. This development follows an earlier disclosure dated June 4, 2026, regarding the filing of the case by SBI.
The hearing delay is directly linked to the Resurgent India matter, where the bench heard contentions regarding whether Future Consumer Limited is a Non-Banking Financial Company (NBFC) and the limitation period for filing the company petition. Since the orders are reserved against the same corporate debtor in that case, the tribunal decided to adjourn the SBI hearing. Future Consumer Limited stated it would continue to provide updates on the proceedings.
The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was signed by Samson Charuvil Samuel, Managing Director of Future Consumer Limited.
| Key Details | Information |
|---|---|
| Regulation | Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
| Filing Party | State Bank of India |
| Respondent | Future Consumer Limited |
| Tribunal | NCLT (Mumbai) |
| New Hearing Date | July 15, 2026 |
| Reason for Deferral | Orders reserved in Resurgent India vs Future Consumer Limited matter |
What are the potential implications for Future Consumer Limited's operations if the NCLT rules it is an NBFC in the Resurgent India case?
How might the extended delay until July 2026 impact State Bank of India's ability to recover its dues from Future Consumer Limited?
Could the outcome of the limitation period debate set a precedent for other ongoing insolvency proceedings against similar corporate debtors?
































