JCT Limited schedules 14th Committee of Creditors meeting for June 2

0 min read     Updated on 31 May 2026, 10:35 AM
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JCT Limited will hold its 14th Committee of Creditors meeting on June 2, 2026, via video conferencing under the CIRP. The intimation was filed under SEBI (LODR) Regulations, 2015, with Umesh Garg as the Resolution Professional.

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JCT Limited has scheduled its 14th Committee of Creditors (CoC) meeting for June 2, 2026, to discuss the ongoing Corporate Insolvency Resolution Process (CIRP). The meeting will be conducted via video conferencing at 3:30 pm, as per the regulatory intimation submitted to BSE Limited.

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. JCT Limited is currently undergoing insolvency proceedings, and the CoC plays a critical role in decision-making regarding the resolution of the corporate debtor.

Umesh Garg, the Resolution Professional for JCT Limited, signed the intimation on May 30, 2026. His IBBI registration number is IBBI/IPA-001/IP-P00135/2017-2018/10277. The meeting is part of the procedural steps mandated under the Insolvency and Bankruptcy Code.

The corporate office of JCT Limited is located at 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008. The company's scrip code on BSE Limited is 500223.

What potential resolution plans are expected to be presented by bidders during the 14th CoC meeting?

How will the outcome of this meeting impact the timeline for completing the CIRP for JCT Limited?

What are the likely implications for JCT Limited's shareholders and creditors if a resolution plan is approved?

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JCT Limited Committee of Creditors Approves E-Challenge Process Documents for Resolution Applicants

1 min read     Updated on 03 Apr 2026, 01:43 PM
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JCT Limited's 13th Committee of Creditors meeting on March 20, 2026, approved Process Documents for E-Challenge Process to facilitate commercial negotiations with Resolution Applicants. The video conference meeting represents progress in the company's CIRP proceedings, with Resolution Professional Umesh Garg filing the regulatory intimation under SEBI (LODR) 2015. The approval enables a structured approach for evaluating potential resolution applicants through an electronic challenge mechanism.

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JCT Limited has made significant progress in its Corporate Insolvency Resolution Process (CIRP) proceedings, with the Committee of Creditors (CoC) approving crucial process documents for the next phase of resolution activities. The development marks an important milestone in the company's ongoing insolvency resolution efforts.

Committee of Creditors Meeting Details

The 13th meeting of JCT Limited's Committee of Creditors was conducted on March 20, 2026, at 02:30 pm through video conferencing. The meeting focused on advancing the resolution process by establishing the framework for commercial negotiations with potential resolution applicants.

Meeting Parameter: Details
Meeting Number: 13th CoC Meeting
Date: March 20, 2026
Time: 02:30 pm
Mode: Video Conferencing
Key Approval: E-Challenge Process Documents

E-Challenge Process Approval

The CoC members unanimously approved the Process Documents for the E-Challenge Process, which will facilitate commercial negotiation with Resolution Applicants. This electronic challenge process represents a structured approach to evaluate and negotiate with potential investors or buyers interested in acquiring JCT Limited's assets or business operations.

The approval of these process documents indicates that the resolution process is moving toward the critical phase of selecting the most suitable resolution applicant through a competitive and transparent mechanism.

Regulatory Compliance and Documentation

The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015, ensuring compliance with disclosure requirements for listed companies. Resolution Professional Umesh Garg, registered with IBBI (Reg. No. IBBI/IPA-001/IP-P00135/2017-2018/10277), signed the notification on April 02, 2026.

Corporate Information

JCT Limited operates from its corporate office located at 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008. The company is listed on BSE Limited with scrip code 500223 and continues to maintain its listing obligations despite being under CIRP proceedings.

How many resolution applicants are expected to participate in JCT Limited's E-Challenge Process?

What is the timeline for completing the commercial negotiations and final resolution plan approval?

Will JCT Limited's existing shareholders retain any equity stake under potential resolution plans?

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