Future Lifestyle lenders approve resolution plan of Space Mantra & Guptas' consortium

Future Lifestyle Fashions Ltd's lenders have approved a resolution plan from a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta. The approval comes as the company undergoes insolvency resolution, with State Bank of India leading the creditors. Details of the plan remain undisclosed, pending an extension order from the National Company Law Tribunal.