Future Lifestyle Fashions Conducts 34th Committee of Creditors Meeting Under CIRP
April 17, 2026
Future Lifestyle Fashions Limited held its thirty-fourth Committee of Creditors meeting on April 15, 2026, under its ongoing Corporate Insolvency Resolution Process. Resolution Professional Ravi Sethia from KPMG Restructuring Services continues to manage the company's affairs since the NCLT order dated May 4, 2023. The meeting was conducted in compliance with SEBI LODR regulations, maintaining transparency in the restructuring proceedings.
Future lifestyle fashions Limited conducted its thirty-fourth Committee of Creditors (CoC) meeting on April 15, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The meeting represents a significant milestone in the company's restructuring proceedings under the Insolvency and Bankruptcy Code 2016.
Meeting Details and Regulatory Compliance
The CoC meeting was held in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, specifically under sub-clause 16(g) of Clause A of Part A of Schedule III. This regulatory framework ensures transparency and proper disclosure of proceedings to stakeholders and market participants.
Meeting Details: Information Meeting Number: Thirty-fourth CoC meeting Date: April 15, 2026 Company Status: Under CIRP Regulatory Compliance: SEBI LODR Regulation 30
Resolution Professional Leadership
Ravi Sethia continues to serve as the Resolution Professional, bringing extensive credentials to the restructuring process. His professional qualifications and regulatory standing provide institutional credibility to the proceedings.
Professional Details: Information Resolution Professional: Ravi Sethia IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052 AFA Certificate: AA1/12052/02/31126/108915 Certificate Validity: Until December 31, 2026 Organization: KPMG Restructuring Services LLP Office Location: 8th Floor, Building No.10, DLF Cyber City, Phase II, Gurgaon, Haryana, 122002
CIRP Timeline and Legal Framework
The Corporate Insolvency Resolution Process began following the National Company Law Tribunal order dated May 4, 2023. The proceedings fall under CP(IB) No. 959/MB/2022, handled by the Hon'ble NCLT Mumbai Bench-II. Ravi Sethia's appointment as Resolution Professional was subsequently confirmed during the first CoC meeting held on June 6, 2023.
Under the current arrangement, the Resolution Professional manages all aspects of Future Lifestyle Fashions Limited's operations, including affairs, business activities, and asset management. This comprehensive oversight ensures continuity of operations while the restructuring process progresses through the established legal framework.
The thirty-fourth meeting indicates the ongoing nature of the resolution process, with regular CoC meetings serving as key decision-making forums for creditors and stakeholders involved in determining the company's future direction.
Future Lifestyle Fashions Limited conducted its thirty-third Committee of Creditors (CoC) meeting on March 23, 2026, as part of the ongoing Corporate Insolvency Resolution Process. The meeting represents a continuation of the structured creditor engagement process that has been underway since the company entered CIRP proceedings.
Meeting Details and Regulatory Compliance
The CoC meeting was held in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The notification was made pursuant to sub-clause 16(g) of Clause A of Part A of Schedule III of LODR requirements.
Meeting Details: Information Meeting Number: Thirty-third CoC meeting Date: March 23, 2026 Day: Monday Regulatory Framework: SEBI LODR Regulation 30
Resolution Professional Management
Ravi Sethia continues to serve as the Resolution Professional for Future Lifestyle Fashions Limited under CIRP. His credentials and registration details demonstrate the formal structure of the insolvency proceedings.
Professional Details: Information IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052 AFA Certificate: AA1/12052/02/031224/106457 Certificate Validity: December 31, 2026 Organization: KPMG Restructuring Services LLP
Corporate Insolvency Timeline
The company has been under Corporate Insolvency Resolution Process since 2023, following orders from the National Company Law Tribunal. The proceedings were initiated under the Insolvency and Bankruptcy Code 2016.
CIRP Timeline: Details NCLT Order Date: May 4, 2023 Court: NCLT Mumbai Bench-II Case Number: CP(IB) No. 959/MB/2022 First CoC Meeting: June 6, 2023 Current Status: Under CIRP
Ongoing Process Management
The Resolution Professional manages all affairs, business operations, and assets of Future Lifestyle Fashions Limited during the CIRP proceedings. The regular CoC meetings serve as a mechanism for creditor coordination and decision-making within the insolvency framework established by Indian bankruptcy law.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.
Meeting Details and Regulatory Compliance
The CoC meeting was held in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, specifically under sub-clause 16(g) of Clause A of Part A of Schedule III. This regulatory framework ensures transparency and proper disclosure of proceedings to stakeholders and market participants.
Meeting Details: Information Meeting Number: Thirty-fourth CoC meeting Date: April 15, 2026 Company Status: Under CIRP Regulatory Compliance: SEBI LODR Regulation 30
Resolution Professional Leadership
Ravi Sethia continues to serve as the Resolution Professional, bringing extensive credentials to the restructuring process. His professional qualifications and regulatory standing provide institutional credibility to the proceedings.
Professional Details: Information Resolution Professional: Ravi Sethia IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052 AFA Certificate: AA1/12052/02/31126/108915 Certificate Validity: Until December 31, 2026 Organization: KPMG Restructuring Services LLP Office Location: 8th Floor, Building No.10, DLF Cyber City, Phase II, Gurgaon, Haryana, 122002
CIRP Timeline and Legal Framework
The Corporate Insolvency Resolution Process began following the National Company Law Tribunal order dated May 4, 2023. The proceedings fall under CP(IB) No. 959/MB/2022, handled by the Hon'ble NCLT Mumbai Bench-II. Ravi Sethia's appointment as Resolution Professional was subsequently confirmed during the first CoC meeting held on June 6, 2023.
Under the current arrangement, the Resolution Professional manages all aspects of Future Lifestyle Fashions Limited's operations, including affairs, business activities, and asset management. This comprehensive oversight ensures continuity of operations while the restructuring process progresses through the established legal framework.
The thirty-fourth meeting indicates the ongoing nature of the resolution process, with regular CoC meetings serving as key decision-making forums for creditors and stakeholders involved in determining the company's future direction.
Future Lifestyle Fashions Limited conducted its thirty-third Committee of Creditors (CoC) meeting on March 23, 2026, as part of the ongoing Corporate Insolvency Resolution Process. The meeting represents a continuation of the structured creditor engagement process that has been underway since the company entered CIRP proceedings.
Meeting Details and Regulatory Compliance
The CoC meeting was held in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The notification was made pursuant to sub-clause 16(g) of Clause A of Part A of Schedule III of LODR requirements.
Meeting Details: Information Meeting Number: Thirty-third CoC meeting Date: March 23, 2026 Day: Monday Regulatory Framework: SEBI LODR Regulation 30
Resolution Professional Management
Ravi Sethia continues to serve as the Resolution Professional for Future Lifestyle Fashions Limited under CIRP. His credentials and registration details demonstrate the formal structure of the insolvency proceedings.
Professional Details: Information IP Registration: IBBI/IPA-001/IP-P01305/2018-2019/12052 AFA Certificate: AA1/12052/02/031224/106457 Certificate Validity: December 31, 2026 Organization: KPMG Restructuring Services LLP
Corporate Insolvency Timeline
The company has been under Corporate Insolvency Resolution Process since 2023, following orders from the National Company Law Tribunal. The proceedings were initiated under the Insolvency and Bankruptcy Code 2016.
CIRP Timeline: Details NCLT Order Date: May 4, 2023 Court: NCLT Mumbai Bench-II Case Number: CP(IB) No. 959/MB/2022 First CoC Meeting: June 6, 2023 Current Status: Under CIRP
Ongoing Process Management
The Resolution Professional manages all affairs, business operations, and assets of Future Lifestyle Fashions Limited during the CIRP proceedings. The regular CoC meetings serve as a mechanism for creditor coordination and decision-making within the insolvency framework established by Indian bankruptcy law.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.