Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditors
Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently.
The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are “under verification”, said the latest data shared by Future Lifestyle Fashions Ltd (FLFL) on the exchanges.
As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week.
“We wish to inform you that the fir…
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