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FLFL Conducts 32nd Committee of Creditors Meeting Under Insolvency Process
Future Lifestyle Fashions Limited (FLFL) held its 32nd Committee of Creditors (CoC) meeting on January 14, 2026, as part of its ongoing insolvency proceedings. The company has been under the Corporate Insolvency Resolution Process (CIRP) since May 4, 2023, following an order by the NCLT Mumbai Bench. Currently, the business and assets are managed by Resolution Professional Ravi Sethia. These frequent meetings indicate a prolonged effort to reach a resolution for the company's significant debt obligations.
Key Highlights
32nd meeting of the Committee of Creditors (CoC) held on January 14, 2026
Company has been under Corporate Insolvency Resolution Process (CIRP) since May 4, 2023
Affairs and assets currently managed by Resolution Professional Ravi Sethia
The insolvency process has been ongoing for over 2.5 years since the initial NCLT order
💼 Action for Investors
Investors should exercise extreme caution as the company is in deep financial distress and equity value could be entirely wiped out in a resolution plan. Monitor for any specific announcements regarding the approval of a resolution plan or a liquidation order.
FLFL Conducts 29th Committee of Creditors Meeting Under Insolvency Process
Future Lifestyle Fashions Limited (FLFL) held its 29th Committee of Creditors (CoC) meeting on October 10, 2025, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company has been under insolvency since May 4, 2023, following an order by the NCLT Mumbai Bench. Currently, the company's affairs and assets are managed by Resolution Professional Ravi Sethia. This meeting is a procedural step in the IBC process to determine the company's future and evaluate potential resolution plans.
Key Highlights
29th meeting of the Committee of Creditors (CoC) successfully held on October 10, 2025
Company remains under Corporate Insolvency Resolution Process (CIRP) since May 4, 2023
Resolution Professional Ravi Sethia continues to manage business operations and assets
Compliance filing made under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements)
💼 Action for Investors
Investors should remain highly cautious as the CIRP process typically involves significant risk to equity value. Monitor for updates regarding the approval of any resolution plan which will determine the recovery for stakeholders.
Future Lifestyle Fashions Holds 29th Committee of Creditors Meeting Amid Ongoing Insolvency
Future Lifestyle Fashions Limited (FLFL) conducted its 29th Committee of Creditors (CoC) meeting on October 10, 2025, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company has been under the management of Resolution Professional Ravi Sethia since the NCLT Mumbai Bench order on May 4, 2023. This meeting continues the long-standing effort to resolve the company's debt under the Insolvency and Bankruptcy Code 2016. Equity shareholders remain at significant risk as the insolvency process prioritizes creditor recovery.
Key Highlights
The 29th meeting of the Committee of Creditors (CoC) was held on October 10, 2025.
FLFL has been under CIRP since May 4, 2023, following NCLT Mumbai Bench order CP(IB) No. 959/MB/2022.
Resolution Professional Ravi Sethia has been managing the company's affairs since his confirmation on June 6, 2023.
The insolvency process has now exceeded 29 formal creditor meetings, indicating a complex resolution path.
💼 Action for Investors
Investors should be extremely cautious as equity value in insolvency cases is often completely eroded. It is advisable to monitor for any approved resolution plans that might outline the final haircut for creditors and the fate of equity shares.
Future Lifestyle Fashions Holds 30th CoC Meeting Under Insolvency Process
Future Lifestyle Fashions Limited (FLFL) convened its 30th Committee of Creditors (CoC) meeting on December 15, 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since May 4, 2023, following an NCLT Mumbai Bench order. Currently, the business and assets are managed by Resolution Professional Ravi Sethia. This meeting is part of the ongoing efforts to find a resolution for the company's debt obligations under the Insolvency and Bankruptcy Code.
Key Highlights
30th meeting of the Committee of Creditors (CoC) conducted on December 15, 2025.
Company has been under CIRP for over 2.5 years since the NCLT order on May 4, 2023.
Resolution Professional Ravi Sethia continues to manage the company's affairs and assets.
Compliance maintained under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.
💼 Action for Investors
Equity shareholders should remain cautious as insolvency proceedings typically result in significant capital erosion or total loss. Await further updates on the approval of a resolution plan or liquidation orders.