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Monday Feb 06, 2023

NCLT admits insolvency plea against future supply chain solution stock crash price 715 rs to 25 rs – Business News India


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Future Group company Future Supply Chain Solutions Limited (FSCSL) may go through the insolvency process. In fact, the National Company Law Tribunal (NCLT) has accepted the bankruptcy petition filed against Future Supply Chain Solutions Limited (FSCSL).

What the company said: Future group company FSCSL told the stock market that the Mumbai bench of NCLT has accepted the petition of DHL E-Commerce (India) Pvt Ltd claiming bankruptcy.

Let us tell you that DHL Ecommerce had filed the petition as an operational creditor under the Insolvency and Bankruptcy Code (IBC). Operational creditors are those who supply different types of items for the operations of the company.

Stock Price History: The stock of Future Supply Chain Solutions, a listed company in the stock market, has traveled from ₹715 to ₹25 or even less. In the year 2017, the stock crossed the level of ₹715. At the same time, at present its price is at the level of ₹ 26.

Let us tell you that in the month of October last year, the stock had also touched the low level of Rs.22. Currently the market cap of the company is Rs 118 crore.

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