FCL NCLT Hearing vs SBI Adjourned to June 4, 2026

Future Consumer Ltd (FCL) provided an update on the National Company Law Tribunal (NCLT) hearing regarding the case filed by State Bank of India (SBI). FCL's counsel requested additional time to file a reply to SBI's amended Form-1, stating that the amended form was served recently, breaching the original timeline. SBI's counsel attributed the delay in amending the form to the unavailability of bank officials due to year-end closing and audits. The NCLT, after hearing both parties, granted FCL one week to submit its reply to the amended form. Consequently, the matter has been adjourned to June 4, 2026. FCL has committed to providing further updates on the case.