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Claims from Future Lifestyle at ₹3.5k cr
Mint Mumbai
|July 11, 2023
Future Lifestyle Fashions Ltd (FLFL) has said claims worth ₹3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP).
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Catalyst Trusteeship Ltd has emerged as lead financial creditor with ₹600.40 crore, that gives it 17.4% voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firm.
This is followed by State Bank of India and Centbank Financial Services Ltd (Debenture Trustee) with ₹476.59 crore and ₹444.76 crore loans.
State Bank of India has a voting share of 13.86% and Centbank Financial has a voting share of 12.93% in CoC, FLFL said in a regulatory filing. Besides, Centbank Financial Services (Debenture Trustee) has a loan of ₹38.50 crore.
This story is from the July 11, 2023 edition of Mint Mumbai.
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