Future Consumer Limited informed BSE and NSE on Friday that the National Company Law Tribunal hearing in the case filed against it by Resurgent India Special Situations Fund has been adjourned to June 8, 2026, after the Tribunal declined to hear oral arguments and instead directed both parties to file written submissions.
The disclosure, filed under Regulation 30 of the SEBI Listing Regulations and signed by Managing Director Samson Samuel, is a follow-up to an earlier exchange filing dated April 16, 2026 on the same matter.
What Happened at the NCLT Hearing
Counsel for Future Consumer resumed oral arguments before the Mumbai bench of the NCLT on Friday. However, the Tribunal was not inclined to hear the arguments and redirected the matter toward a written submissions process. The NCLT directed Future Consumer to file its written submissions within 10 days of the hearing. Resurgent India Special Situations Fund, which has approached the Tribunal as a financial creditor, has been given one week from the receipt of Future Consumer’s written submissions to file its response. The matter now stands adjourned to June 8, 2026 for the next hearing.
Context and Significance
The case before the NCLT Mumbai bench has been filed by Resurgent India Special Situations Fund against Future Consumer Limited in its capacity as a financial creditor. Future Consumer, part of the beleaguered Future Group that has been navigating insolvency and debt resolution proceedings across multiple group entities since 2021, has been subject to ongoing legal proceedings on multiple fronts. This particular NCLT matter is being tracked through sequential Regulation 30 disclosures by the company, with Friday’s filing being an update to one made just the previous day on April 16.
The Tribunal’s decision to bypass oral arguments in favour of written submissions is a procedural development that extends the timeline of the case but does not represent a ruling on the merits in either direction. The adjournment to June 8 gives Future Consumer’s legal team approximately seven weeks to prepare and file its written submissions, with the financial creditor’s response window beginning only after that filing is received.
Future Consumer has stated it will continue to provide updates on the matter as required under its continuous disclosure obligations.
Disclaimer: This article is based on a regulatory filing and is for informational purposes only. It does not constitute legal or investment advice.