Future Consumer NCLT: SBI Revises Claim, Hearing April 23, 2026

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AuthorVihaan Mehta|Published at:
Future Consumer NCLT: SBI Revises Claim, Hearing April 23, 2026
Overview

Future Consumer Limited announced an update on its ongoing National Company Law Tribunal (NCLT) case with State Bank of India (SBI). SBI has revised part of its financial claim due to a computation error. The NCLT has scheduled the next hearing for April 23, 2026, as proceedings continue against the financially distressed FMCG company.

Future Consumer Faces NCLT Update as SBI Revises Claim, Hearing Set for April 23, 2026

State Bank of India (SBI) has revised part of its claim against Future Consumer Limited (FCL) in the National Company Law Tribunal (NCLT), with the next hearing scheduled for April 23, 2026.

Under the tribunal's direction, SBI has been granted two weeks to file an amended petition detailing its revised claim. Future Consumer Limited will then have one week to provide its response to the amended filing. These procedural steps are part of the ongoing financial creditor case against the severely distressed FMCG company.

Future Consumer, part of the Future Group, operates in the fast-moving consumer goods sector. The company has been grappling with severe financial distress, marked by liquidity issues, operational inefficiencies, and significant revenue declines. This has led its auditor to flag "Material Uncertainty Related to Going Concern," highlighting the company's substantial financial strain.

In addition to the SBI case, FCL is involved in other legal matters. This includes a notice from the Serious Fraud Investigation Office (SFIO) concerning Future Retail Limited and a separate NCLT proceeding with Resurgent India Special Situations Fund. SBI had previously filed its initial case against FCL in January 2026, citing missing information in its petition.

Financial figures highlight FCL's challenges. As of December 31, 2025, the company disclosed significant debt defaults totaling ₹596.58 crores across bank loans and unlisted debt securities, with all outstanding amounts in default. For the quarter ended December 31, 2025, FCL reported massive consolidated net losses of ₹16,681 crore. By March 31, 2025, the company held a negative net worth of ₹85.53 crore.

The company's stock performance reflects investor concerns, trading near its 52-week lows and underperforming its industry peers. The ongoing NCLT proceedings, coupled with the SFIO investigation, add layers of legal and regulatory pressure for Future Consumer Limited.

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