The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for…

Future Lifestyle resolution hits a bump over forensic auditor’s role

Reliance Retail, Jindal and GBTL in final list for Future Enterprises’ resolution. Process for Future Retail and Future Lifestyle Fashions still ongoing. Resolution applicants for Future Enterprises have been finalized: Reliance Retail Ventures, Jindal (India) Ltd and GBTL Ltd. Future Retail and Fut…

Reliance Retail in final list of resolution applicants for Future Enterprises

Future Lifestyle Fashions Ltd (FLFL) has said that claims worth Rs 3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP). Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having …

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Future Lifestyle Fashions, a Future Group firm that is under insolvency proceedings, has received claims totalling Rs 2,155.53 crore from 12 financial creditors, including State Bank of India.

Future Lifestyle gets claims of Rs 2,156 cr from 12 creditors | The Financial Express

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.

Future Lifestyle bankruptcy: RP gets claims of Rs 2,155 cr from creditors

According to the regulatory filing, State Bank of India leads the CoC of FLFL with 22.51 per cent voting share

Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 crore from financial creditors

Future Lifestyle Fashions has been hit with a claim of INR2,155.5 crore ($289.4m) by 12 creditors following its default on loans. Furthering this, a committee of creditors has since been formed under the Insolvency and Bankruptcy Code, with its first meeting scheduled to take place on 6 June. FLFL, …

Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditors

A company court on Thursday admitted Bank of India Ltd’s petition to begin insolvency proceedings against Future Lifestyle Fashions Ltd on an alleged loan default

India tribunal allows bankruptcy proceedings against Future Lifestyle

Apart from Adani Group stocks, LIC’s holdings in companies like Future Lifestyle Fashions, Piramal Enterprises, Omaxe, Indus Towers, Laurus Labs, Jet Airways (India), Sunteck Realty, Bombay Dyeing, GTL Infrastructure, Aurobindo Pharma and Jaypee Infratech among others have also taken a huge beating …

For LIC, Adani is not the biggest problem

FLFL’s default of Rs 1,465.67 crore ‘comprised of the persisting default’ of Rs 436.01 crore for the September 2022 quarter

Future Lifestyle Fashion Debt Reduced To Rs 1,827.9 Crore

Tata Motors, Future Lifestyle, Shriram AMC, Safari Industries, DB Realty, Jagatjit Industries, GHCL, Advait Infra

Stocks that will see action on January 10, 2023

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Future Lifestyle Fashions Limited is engaged in the business of branded clothes and retailing. Fashion division has brands such as Cover Story, Indigo Nation etc. Retail chains include Central, Brand Factory, Lee Cooper etc.