Future Enterprise Limited (FEL) has defaulted on loan repayment of Rs 2,911.51 crore to its lenders. According to the information given to the stock exchanges, between March 23 and March 31, 2022, FEL had to pay Rs 2,911.51 crore to the consortium of various banks and lenders.
Future Enterprise said in its information, “The company has failed to meet the above liability to the banks/lenders during the review period of 30 days.” . However, he also said that he still has 30 days left.
The Future Group got a 30-day review period under the one-time restructuring plan from the consortium of banks to companies affected by COVID. But she failed to repay the loan even in this period.