Future Supply Chain Solutions

The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future group firm FSCSL in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-commerce (India) Pvt Ltd, claiming default. "NCLT has pronounced its Order today i.e. January 05, 2023, allowing the admission of the said petition of DHL E-commerce (India) Private Limited on for default of outstanding amount payable to operational creditor," the regulatory filing said. DHL Ecommerce has filed the plea as an operational creditor under the Insolvency & Bankruptcy Code (IBC). Besides, this FSCSL was also facing insolvency petitions filed by two other operational creditors - Best Roadways Ltd and Leap India Pvt Ltd - before the NCLT. In November, both had served an advance intimation of filing an application against the company for their payments. FSCSL operates warehouses across the country. In Nagpur, FSCSL has

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The loss was mainly on account of credit loss from group firm Future Retail Ltd (FRL) which is now facing insolvency proceedings.

However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT

Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.

Future Supply Chain Solutions Ltd (FSCSL) on Monday reported narrowing down of its net loss to Rs 4.29 crore for the third quarter ended December 2021.

Future Supply Chain Solutions Ltd on Tuesday reported narrowing of its net loss to Rs 42.60 crore for the first quarter ended June 2021

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Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.

FSC plans to create India Food Grid, a network of 38 integrated food distribution centres providing pan India reach

Future group's revenue was up 43.2% to Rs 332.6 crore; company to increase use of automation going forward

The stock listed at Rs 674, a 1.5% premium against its issue price of Rs 664 per share on the BSE.

Receives bids for 21.66 lakh shares