Debt-ridden Future Enterprises Limited (FEL) on Friday said it has defaulted on payment of interest on two non-convertible debentures totalling ₹3.58 crore, the due date for which was October 27, 2022. The debentures have coupon rates of 9.80% and 9.28% per annum. The company has defaulted on interest payments for the period from April 26, 2022 to October 26, 2022.