Future Consumer Limited has provided an update regarding the National Company Law Tribunal (NCLT) hearing concerning the case filed by the State Bank of India (SBI). This update follows a previous disclosure on April 23, 2026, regarding the NCLT filing. During the hearing, SBI's counsel presented sanction letters, a recall notice, and an NESL report, which authenticated the debt and revival letter pertaining to the claim. The Company's counsel informed the bench about an ongoing arbitration with a JV partner and expressed optimism for a favorable outcome. Additionally, the counsel highlighted a pending matter before the same bench concerning whether the Company qualifies as an NBFC due to its investment size, suggesting that the current SBI case should be heard after that matter is resolved. The NCLT has scheduled the next hearing for June 8, 2026, to be heard along with the Resurgent matter. The Company has been directed to file its written submissions before this next date. Future Consumer Limited stated that it will continue to provide updates on this matter.
