Future Enterprises admitted for insolvency, NCLT appoints interim RP
Bench admits petition by Foresight Innovation, which puts the default anount at Rs 1.58 crore; Operational creditor Retail Detailz India's petition claims default of Rs 4.02 crore
Future Enterprises Ltd - 523574 - Intimation Regarding Appointment Of The Interim Resolution Professional By Hon'Ble National Company Law Tribunal
Intimation regarding appointment of the Interim Resolution Professional by Hon'ble National Company Law Tribunal Future Enterprises Ltd - 523574 - Copy Of Order Of Hon'Ble NCLT
Admission of the Insolvency Petition filed by the Operational Creditor - Copy of Order of Hon'ble NCLT
FRL fails to get revival plan, lenders to decide further course of action
The date of submission of the resolution plans for the company was February 20 after subsequent extensions were granted by the lenders, the company said Future Enterprises Ltd - 523574 - Updates On Other Matters Under The Insolvency And Bankruptcy Code, 2016 (The 'Code')
Updates on other matters under the Insolvency and Bankruptcy Code, 2016 (the 'Code') Future Enterprises Ltd - 523574 - Intimation Under Regulation 30 And Other Applicable Regulations Of Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
Updates on other matters under the Insolvency and Bankruptcy Code, 2016 (the 'Code')
Future Enterprises defaults on Rs 12.75-crore interest payment on NCDs
Debt-ridden Future Enterprises Ltd (FEL) has defaulted on the payment of interest of Rs 12.75 crore on two non-convertible debentures (NCDs). The due date for payment was February 16, 2023, FEL said in a regulatory filing. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on February 16, 2023," it said. The debentures have a coupon rate of 9.60 per cent for both series. The Gross Principal amount on which the default has occurred is Rs 265 crore, which is Rs 106 crore for Series XVI - A and Rs 159 crore for Series XVI - B fund. FEL had recently defaulted on payment of interest on several non-convertible debentures. The debt-ridden Future group has been facing three petitions filed by its operational creditors before the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the company. Lenders of FEL have also appointed an auditor for conducting a forensic audit of the firm. It is engaged Future Enterprises Ltd - 523574 - Intimation Under Regulation 51(2) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 [SEBI (LODR)]
Default in Payment of Interest due on Non-Convertible Debentures (NCDs) Future Enterprises Ltd - 523574 - Intimation Under Regulation 30 And Other Applicable Regulations Of Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
Updates on other matters under the Insolvency and Bankruptcy Code, 2016 (the 'Code') Future Enterprises Ltd - 523574 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vistra ITCL (India) Ltd