Three Future Group cos report payment defaults

Three listed entities of debt-ridden Future Group — Future Enterprises NSE 3.33 %, Future Consumer and Future Lifestyle Fashions NSE 1.20 % — on Friday reported defaulting on their payment obligation towards their consortium of lenders under a One Time Resolution (OTR) plan. Future Lifestyle Fashions Ltd NSE 1.20 % (FLFL), in a regulatory filing, reported a default of Rs 335.08 crore on the principal amount.