new delhi three listed entities of debtridden future group future enterprises future consumer and future lifestyle fashions on friday reported defaulting on their payment obligation towards their consortium of lenders under a onetime resolution otr planfuture lifestyle fashions ltd flfl in a regulatory filing reported a default of rs 33508 crore on the principal amountthe due date was june 30 2022the principal amount includes rs 327 crore term loan rs 7225 crore for a working capital term loan rs 5146 crore for funded interest term loans and rs 20810 crore for purchase bills discountinghowever interest due and payable on the above facilities has been paid up to 30 june 2022 said flfl the flagship fashion business of the future groupflfl has inhouse retail chains central and brand factory exclusive brand outlets ebos and multibrand outlets mbos of nearly a dozen apparel labels in its portfoliofuture enterprises limited fel has informed the exchanges about a default of rs 12613 crore on repayment of principal amount of ncd under otr the due date was june 30 2022this includes a principal amount of rs 9835 crore and rs 2778 crore for repayment of term loanfel had to pay an aggregate amount of rs 12613 crore obligations as defined in the otr plan to various banks and lenders who are parties to the agreement under otr plan on june 30 2022 due date said felseveral future group firms had entered into otr plans with their consortium of banks as per terms of a circular issued by the rbi on august 6 2020similarly future consumer ltd fcl reported a default of rs 172 crore which includes a principal amount of rs 153 crore and interest of rs 19 crorethe total amount of outstanding borrowings of the company from banks and financial institutions is rs 4478 crore said fcl which is in the business of manufacturing branding and distributing fmcg food and processed food productsfel had recently disposed of part of its investment in its general insurance joint venture for a total consideration of rs 126607 crorethe proceeds have been directly deposited in trust and retention account of the company maintained with central bank of india on 05 may 2022 said felthe proceeds have been appropriated by the lender banks in a specified ratio as agreed between all of themhowever since the said distribution ratio is not communicated to the company it is not possible for the company to give the factual information of recovery of principal and interest amount appropriated and present outstanding balances fel addedall three companies were part of the 19 group firms operating in retail wholesale logistics and warehousing segments which were supposed to be transferred to reliance retail as part of a rs 24713 crore deal announced in august 2020the deal was called off by the billionaire mukesh ambaniled reliance industries ltd in april