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Future lifestyle news: Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Future Lifestyle Fashions Ltd (FLFL) has said that claims worth Rs 3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP). Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firm.

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Future Group | Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in Committee of Creditors, formed for the debt-ridden Future Group firm

Mumbai , Maharashtra , India , John-miller , Ravi-sethia , Lee-cooper , Lifestyle-fashions-ltd , Retail-ltd , Committee-of-creditors-co , Centbank-financial-services-limited-debenture-trustee , Catalyst-trusteeship-ltd , Centbank-financial-services-debenture-trustee

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors, ET Retail

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors, ET Retail
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Corporate insolvency resolution process (CIRP) | Future Lifestyle Fashions Ltd gets claims of Rs 2,155 crore from 12 financial creditors

As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors of FLFL has been formed and it will have its first meeting next week

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Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 cr from financial creditors

Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently.

The resolution professional of the company has provisionally admitted claims of Rs

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Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditors

The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are

India , Baroda , Gujarat , Mumbai , Maharashtra , John-miller , Committee-of-creditors-co , Centbank-financial-services-ltd , Lifestyle-fashions , Lifestyle-fashions-ltd , Retail-ltd , National-company-law-tribunal

Weekly Digest Of IBC Cases: 8 May To 14 May 2023

Supreme Court IBC | Date Of Order Pronouncement & Time Taken To Provide Certified Copy Excluded From Limitation Period For Appeal To NCLAT: Supreme Court Case Title: Sanket Kumar Agarwal &...

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Indian tribunal gives go-ahead for bankruptcy proceedings against Future Lifestyle

Future Lifestyle is the flagship fashion business of the debt-laden Future Group.

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Latest News | NCLT Admits Insolvency Plea Against Future Supply Chain Solution

Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL).
Latest News | NCLT Admits Insolvency Plea Against Future Supply Chain Solution.

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NCLT rejects Catalyst Trustee plea for Future Lifestyle insolvency

The Mumbai bench of the National Company Law Tribunal today dismissed an insolvency petition filed by Catalyst Trusteeship Ltd against Future Lifestyle Fashions Ltd.

Catalyst Trusteeship approached the tribunal under Section 7 of the Insolvency and Bankruptcy Code for a default of 4.52 bln rupees.

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