Future Enterprises Ltd - 523574 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
Intimation of issuance of Provisional list of Prospective Resolution Applicants12-07-2023
12-07-2023
Future Enterprises Ltd - 523574 - Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
Notice of fourth meeting of Committee of Creditors (CoC) scheduled to be held on Wednesday, 12th July, 2023.10-07-2023
Future Enterprises Ltd - 523574 - Announcement under Regulation 30 (LODR)-Meeting Updates
Postponement of 4th meeting of Committee of Creditors scheduled to be held on 6 July 202305-07-2023
Future Enterprises Ltd - 523574 - Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP)
Intimation of Appointment of Avil Menezes as the Resolution Professional05-07-2023
Future Enterprises Ltd - 523574 - Announcement under Regulation 30 (LODR)-Meeting Updates
Notice of Fourth meeting of Committee of Creditors (CoC) scheduled to be held on Thursday, 6th July, 202305-07-2023
Most Future Enterprises lenders back Avil Menezes as resolution professional
The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by Foresight Innovations, an operational creditor.05-07-2023
Future Enterprises CoC re-constituted, claims over Rs 12,265 cr admitted
Taking a step forward for debt resolution, the interim resolution professional of debt-ridden Future Enterprises Ltd (FEL) has reconstituted the Committee of Creditors and claims of more than Rs 12,265 crore have been admitted from both secured and unsecured financial creditors. The interim resolution professional (IRP) has received claims of Rs 7,014.83 crore from 22 secured financial creditors of FEL. A total of Rs 6,952.42 crore of claims have been admitted as of June 5, 2023. The IRP also received claims of Rs 8,880.50 crore from unsecured financial creditors, of Rs 5,313.27 crore of claims have been admitted. In the CoC, Centbank Financial Services Ltd has the highest voting percentage of 27.22 per cent. Union Bank of India and Axis Trustee Services have 10.97 per cent and 10.92 per cent voting percentages, respectively. Centbank Financial Services Ltd had claimed an amount of Rs 3,344.81 crore as due, which has been fully admitted. Axis Trustee Services has claimed Rs 1,341.25-06-2023
Future Enterprises Ltd - 523574 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
Disclosures under Corporate Insolvency Resolution Process (CIRP)24-06-2023
Future Enterprises Ltd - 523574 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of LODR, we enclosed herewith a report dated 12th June 2023 of re-constitution of Committee of Creditors of the Company as on 5th June 2023 and filed on 20th June 2023 with the Adjudicating Authority- National Company Law Tribunal, Mumbai Bench.23-06-2023
Future Enterprises invites expression of interest for assets across India
The last date of receipt of interest is set at June 25 and the provisional list will be out on July 5. The last date of submissions for objections of the provisional list is July 1011-06-2023