Legal8 Jun 2026, 05:21 pm
Future Consumer NCLT case reserved for orders
AI Summary
Future Consumer Ltd provided an update on the NCLT (Mumbai) hearing regarding the case filed by Resurgent India Special Situations Fund. Both counsels presented arguments concerning the Company's status as a Non-Banking Financial Company (NBFC) and the limitation period for filing the company petition. After hearing both parties, the National Company Law Tribunal has reserved its orders on the matter. Future Consumer Ltd has committed to providing further updates as the case progresses, in compliance with SEBI Listing Regulations.
Key Highlights
- NCLT Mumbai heard the case against Future Consumer Ltd.
- Resurgent India Special Situations Fund filed the petition.
- Arguments focused on NBFC status and petition's limitation.
- The NCLT has reserved its order on the matter.
- Future Consumer will provide further updates on the case.
Price Impact
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