JCT Limited Schedules 13th Committee of Creditors Meeting for March 20, 2026
JCT Limited has scheduled its 13th Committee of Creditors meeting for March 20, 2026 at 04:00 PM through video conferencing, following recent meetings on March 7 and 10, 2026. The 12th meeting featured second round of commercial negotiations between CoC members and resolution applicants, indicating progress in the company's insolvency resolution process under CIRP supervision.
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JCT Limited, operating under the Corporate Insolvency Resolution Process (CIRP), has informed BSE Limited about its upcoming 13th Committee of Creditors (CoC) meeting scheduled for March 20, 2026. The company submitted this intimation under Regulation 30 of SEBI (LODR) 2015 on March 18, 2026.
Recent Meeting Schedule and Format
The textile company has maintained regular CoC meetings as part of its ongoing resolution process:
| Meeting Details: | Information |
|---|---|
| 11th Meeting: | Saturday, March 7, 2026 at 12:00 pm |
| 12th Meeting: | Tuesday, March 10, 2026 at 11:00 am |
| 13th Meeting: | Friday, March 20, 2026 at 04:00 pm |
| Mode (11th): | Video Conferencing |
| Mode (12th): | Video Conferencing & Physical Mode |
| Mode (13th): | Video Conferencing |
Previous Meeting Outcomes
The proceedings of the recent meetings revealed different levels of activity and engagement among stakeholders.
Eleventh Meeting Results
The 11th CoC meeting held on March 7, 2026, concluded without any material discussions taking place. This suggests a procedural or administrative nature to the gathering, with no significant decisions or deliberations occurring during the session.
Twelfth Meeting Developments
The 12th meeting on March 10, 2026, marked a more substantive engagement as it featured the second round of commercial negotiations between CoC members and resolution applicants. This indicates ongoing progress in the resolution process, with multiple parties actively participating in discussions regarding the company's future.
Resolution Process Status
Umesh Garg, serving as the Resolution Professional with IBBI Registration Number IBBI/IPA-001/IP-P00135/2017-2018/10277, signed the intimation letter for the upcoming meeting. The company continues to operate under CIRP supervision as stakeholders work toward finding a viable resolution for the corporate debtor.
The scheduled 13th meeting demonstrates the continued structured approach being followed in JCT Limited's insolvency resolution process, with regular CoC gatherings facilitating ongoing communication between creditors and potential resolution applicants.
Will the commercial negotiations progress to a final resolution plan approval in the upcoming 13th CoC meeting?
How might the textile industry's current market conditions affect the valuation of potential resolution bids for JCT Limited?
What are the chances of liquidation if no viable resolution plan emerges from the ongoing CIRP process?
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