Corporate Insolvency Resolution Process

8th July, 2026 To, To, Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Mumbai-400 001 Bandra Kurla Complex, Scrip Code: 533400 Bandra (East), Mumbai-400 051 Scrip Code : FCONSUMER Dear Sir/Madam, Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub.: Admission of the Insolvency Petition filed by Resurgent India Special Situations Fund- Copy of Order of Hon’ble NCLT With reference to the above, Please find enclosed herewith the copy of Order of Hon’ble National Company Law Tribunal (“NCLT”) dated 8th July,2026 uploaded on NCLT web portal on 8th July,2026, regarding admission of the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) before the Hon’ble NCLT. Kindly take the above information on record. Thanking you, Yours faithfully, For Future Consumer Limited Samson Samuel Managing Director DIN: 07523995 NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT VI Item No. P2. C.P. (IB)/914(MB)2025 CORAM: SHRI SAMEER KAKAR SHRI NILESH SHARMA HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) ORDER SHEET OF HEARING (HYBRID) DATED 08.07.2026 NAME OF THE PARTIES: Resurgent India Special Situations Fund Future Consumer Limited Under Section 7 of the IBC. ORDER The case is fixed for pronouncement of the order. The order is pronounced in the open court, vide separate order. Detailed order is being uploaded on the NCLT portal today. Sd/- Sd/- NILESH SHARMA SAMEER KAKAR MEMBER (JUDICIAL) MEMBER (TECHNICAL) //VM// IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-VI CP (IB) No.914/MB/2025 [Under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016] IN THE MATTER OF: RESURGENT INDIA SPECIAL SITUATIONS FUND (A special situations fund, Category I Alternative Investment Fund represented through its investment manager, Resurgent Asset Management LLP) [IN/AIFundefined/24-25/1494] Unit No. 903, Tower-C, Unitech Business Zone Sector-50 Gurugram-122018, Haryana. …Financial Creditor/Applicant FUTURE CONSUMER LIMITED [CIN: L52602MH1996PLC192090] Knowledge House, Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogeshwari (East) Mumbai - 400060, Maharashtra. ...Corporate Debtor Pronounced: 08.07.2026 CORAM: HON’BLE SHRI NILESH SHARMA, MEMBER (JUDICIAL) HON’BLE SHRI SAMEER KAKAR, MEMBER (TECHNICAL) Appearances: Hybrid Financial Creditor: Adv. Mr. Akshay Petkar a/w Adv. Ms. Trisha George i/b Avyaan Legal IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-VI Corporate Debtor: Adv. Mr. Shyam Kapadia a/w Ms. Petrushka Dasgupta, Krishna Baruah, Adv. Mr. Ankita Yadav, Adv. Mr. Devdatta Uchhil i/b Link Legal. ORDER [PER: BENCH] 1. BACKGROUND 1.1 This is an Application bearing C.P. (IB) No.914/MB/2025 filed on 20.08.2025 by Resurgent India Special Situations Fund, the Applicant (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “the Code”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (hereinafter referred to as “the AAA Rules”) through Mr. Manish Kedia – Authorised Signatory of the Applicant vide Board Resolution dated 18.08.2025 for initiating Corporate Insolvency Resolution Process (hereinafter referred to as “CIRP”) in respect of Future Consumer Limited, the Corporate Debtor (CD). 1.2 The Applicant is a special situations fund registered as a Category I Alternative Investment Fund under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, bearing registration no. IN/AIFundefined/24- 25/1494 and is represented through its Investment Manager, Resurgent Asset Management LLP. The CD is a listed entity of the Future Group and is engaged in the business of sourcing, manufacturing, branding, marketing, and distribution of FMCG, food and processed food products across urban and rural India. 1.3 The Applicant has proposed the name of Aegis Resolution Services Private Limited, having registration no. IBBI/IPE-0118/IPA-1/2022-23/50041, to act as an IRP along with the written communication in Form-2 and valid AFA till 30.06.2026. On perusal of 2 | Page CP (IB) No.914/MB/2025 Resurgent India Special Situations Fund v. Future Consumer Limited IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-VI the IBBI website, it is observed that the AFA of the proposed IRP is valid till 30.06.2027. 1.4 TheApplicant has relied on the following documents: i. Copy of Certificate of Incorporation of the Applicant, along with the Investment Management Agreement authorising the LLP. ii. Copy of Board Resolution dated 18.08.2025 iii. Copy of master data of CD from Ministry of Corporate Affairs website iv. Copy of Form 2 Communication, Registration Certificate and Authorization for Assignment of Interim Resolution Professional v. Copy of the Term Sheet dated 13.02.2018 vi. Copy of the Debenture Trustee Appointment Agreement dated 13.02.2018 vii. Copy of Debenture Trust Deed dated 13.02.2018. viii. Copy of Mortgage by way of deposit of title deeds dated 30.07.2018. ix. Copy of Deed of Hypothecation dated 13.02.2018. x. Copy of Final Term Sheet dated 10.10.2018. xi. Copy of Unattested share pledge agreement dated 30.04.2022 (Corporate Debtor as pledgor and Axis Trustee as pledgee). xii. Copy of Unattested share pledge agreement dated 30.04.2022 (FCL Tradevest as pledgor, Corporate Debtor and Axis Trustee as pledgee) xiii. Copies of Letter dated 04.09.2023, 06.12.2024, 31.01.2024, 28.03.2024 and 03.04.2024 from the Debenture Trustee to the Corporate Debtor xiv. Copies of Notice of Acceleration dated 07.03.2024 and 24.04.2024 xv. Copy of Debenture Purchase Agreement dated 18.03.2025 xvi. Copy of Notice dated 07.07.2025 along with acknowledgement dated 10.07.2025 3 | Page CP (IB) No.914/MB/2025 Resurgent India Special Situations Fund v. Future Consumer Limited IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-VI xvii. Copy of Letter dated 12.08.2025, from Corporate Debtor to Debenture Trustee xviii. Computation of outstanding amount due and payable by Corporate Debtor xix. Acknowledgement of Form C submitted with NeSL (National e-Governance Services Limited) 2. AVERMENTS OF THE APPLICANT 2.1 As per Part-IV of the Application the total amount claimed to be in default by the Applicant is Rs. 263,77,00,000/- (Two Hundred and Sixty-Three Crore Seventy-Seven Lakh Rupees) as on 30.06.2025. 2.2 It is submitted that pursuant to the final term sheet dated 13.02.2018 signed and executed between CDC Emerging Markets Limited (Original Debenture Holder), the CD had proposed to, for the purpose of business activities of the CD, issue up to 2,000 senior, fully secured, redeemable, transferable and interest bearing non-convertible debentures having a face value of INR 1,00,000 each for an aggregate amount of up to INR 200,00,00,000 in one or more tranches on the terms and conditions as stipulated in the Term Sheet. Copy of the Term Sheet is annexed as Exhibit-5 to the Application. 2.3 Pursuant to the aforesaid and the authorization vide i) a special resolution of the shareholders of the CD dated 07.10.2014 under Section 180(1)(c) of the Companies Act 2013 ("Companies Act"); ii) a special resolution of the shareholders of the CD dated 17.02.2017 as required under Section 42 of the Companies Act read with Rule 14(2) of the Companies (Prospectus and Allotment of Securities) Rules, 2014, to offer the Debentures for subscription by way of private placement; and iii) a resolution of the board of directors of the CD dated 08.02.2018 under Section 179(3) of the Companies Act, to enter into, perform and deliver all documents and take all steps as 4 | Page CP (IB) No.914/MB/2025 Resurgent India Special Situations Fund v. Future Consumer Limited IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-VI may be nec [Showing first 8,000 characters — download PDF for full document]