Future Lifestyle gets claims of Rs. 2,156 crore from 12 creditors

Future Lifestyle Fashions, a Future Group firm that is under insolvency proceedings, has received claims totaling Rs 2,155.53 crore from 12 financial creditors, including State Bank of India. Claims worth Rs 2,117 crore have been admitted, while those worth Rs 38.5 crore are under verification.

Centbank Financial Services, Bank of India, Bank of Baroda, IDBI Bank, HSBC and HDFC Bank are also among the financial creditors to submit claims, according to a stock exchange filing by Future Lifestyle’s resolution professional.

The resolution professional also said that the first meeting of the CoC will be held on June 6.

SBI has the highest voting share of 22.51% in Future Lifestyle’s Committee of Creditors (CoC), followed by Centbank Financial Services at 21.01%, Bank of India (19.71%) and Bank of Baroda (14.02%).