Future Consumer Limited: Committee of Creditors meeting postponed in CIRP
Future Consumer Limited, the retail arm of the Kishore Biyani-led Future group, has been undergoing corporate insolvency resolution. The company intimated the NSE of the postponement of its second Committee of Creditors meeting scheduled under the Insolvency and Bankruptcy Code, 2016. This postponement affects the timeline for approval of the resolution plan and creditor voting, both critical statutory gating items. The reasons for postponement were not disclosed in the exchange filing, but such delays typically arise from ongoing negotiations between the IRP and resolution applicants, or material disputes among creditor classes.
Why it mattersCoC meeting postponement signals extended resolution timelines and potential creditor negotiation complexity; counsel must track revised IRP milestones and any statutory extension notices under IBC Section 12.
Counsel—
SectorConsumer & Retail
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Sources
- NSE Corporate Archives · official
- IBBI (Insolvency and Bankruptcy Board of India) - Regulation & Case Registry · official
- BSE Limited - Corporate Filings · official
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