JCT Limited Committee of Creditors Approves Resolution Plan Framework
JCT Limited's Committee of Creditors approved the Request for Resolution Plan and Evaluation Matrix during their sixth meeting on December 1, 2025, with e-voting concluding on December 9, 2025. The company will now invite Prospective Resolution Applicants to submit plans within 30 days, marking a crucial step in the insolvency resolution process.
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JCT Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has achieved a significant milestone in its resolution proceedings with the Committee of Creditors approving the framework for inviting resolution plans.
Committee Approves Resolution Framework
The sixth Committee of Creditors meeting was conducted on December 1, 2025, at 4:00 PM through video conferencing. During this session, CoC members approved both the Request for Resolution Plan (RFRP) and the Evaluation Matrix through e-voting, which concluded on December 9, 2025.
| Meeting Details: | Information |
|---|---|
| Meeting Number: | Sixth CoC Meeting |
| Date: | December 1, 2025 |
| Time: | 4:00 PM |
| Mode: | Video Conferencing |
| E-voting Conclusion: | December 9, 2025 |
Next Steps in Resolution Process
Following the approval, JCT Limited will circulate the RFRP and Evaluation Matrix to Prospective Resolution Applicants (PRAs). The interested parties will have 30 days from the issuance of the RFRP to submit their resolution plans. This timeline provides applicants with adequate opportunity to prepare comprehensive proposals for the company's revival.
Recent CoC Meeting Activity
The company has maintained regular CoC engagement with multiple meetings conducted in recent months. Two additional meetings were held where no material decisions were taken:
- Fourth CoC Meeting: Conducted on October 16, 2025
- Fifth CoC Meeting: Held and concluded on November 21, 2025
Company Background
JCT Limited operates under CIRP with Umesh Garg serving as the Resolution Professional. The company is registered under CIN L17117PB1946PLC004565 and is listed on BSE with scrip code 500223. Its registered office is located at G.T. Road, Phagwara, District Kapurthala, Punjab.
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