JCT Limited Conducts Tenth Committee of Creditors Meeting Under Corporate Insolvency Resolution Process

1 min read Updated on 07 Mar 2026, 09:41 PM

Reviewed by

Suketu GScanX News Team

Overview

JCT Limited has informed BSE about its tenth Committee of Creditors meeting held on February 26, 2026, under its ongoing Corporate Insolvency Resolution Process. The meeting, conducted via video conferencing, featured the first round of commercial negotiations between CoC members and resolution applicants. Resolution Professional Umesh Garg communicated this development to ensure regulatory compliance and maintain transparency with stakeholders throughout the insolvency proceedings.

*this image is generated using AI for illustrative purposes only.

JCT Limited has notified BSE Limited about a crucial development in its Corporate Insolvency Resolution Process (CIRP), announcing the completion of its tenth Committee of Creditors (CoC) meeting. The meeting represents a significant step forward in the company's ongoing insolvency proceedings, marking the commencement of commercial negotiations between stakeholders.

Meeting Details and Proceedings

The tenth CoC meeting took place on February 26, 2026, conducted through video conferencing at 11:00 am. This virtual format enabled participation from all relevant parties while maintaining efficiency in the resolution process. The meeting's primary significance lies in hosting the first round of commercial negotiations between CoC members and resolution applicants, indicating progress toward potential resolution of the company's financial difficulties.

Meeting Parameter:	Details
Meeting Number:	Tenth (10th)
Date:	February 26, 2026
Time:	11:00 am
Format:	Video conferencing
Key Activity:	First round commercial negotiations

Regulatory Compliance and Communication

Resolution Professional Umesh Garg formally communicated this development to BSE Limited on March 07, 2026, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 30. The notification demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory authorities throughout the CIRP process.

Corporate Insolvency Resolution Process Status

JCT Limited continues operating under CIRP, with Umesh Garg serving as the Resolution Professional. His IBBI registration number IBBI/IPA-001/IP-P00135/2017-2018/10277 confirms his authorized status to oversee the insolvency resolution proceedings. The commencement of commercial negotiations between creditors and resolution applicants suggests the process is advancing toward potential resolution outcomes.

Key Stakeholder Information

Resolution Professional: Umesh Garg
Stock Exchange: BSE Limited (Scrip Code: 500223)
Corporate Office: 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008
Regulatory Framework: SEBI LODR Regulations 30

The formal notification to BSE ensures all market participants remain informed about significant developments in JCT Limited's insolvency resolution process, maintaining market transparency during this critical phase.

JCT Limited CoC Meeting Concludes with Key Decisions on Resolution Process

1 min read Updated on 07 Feb 2026, 06:35 PM

Reviewed by

Shriram SScanX News Team

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Overview

JCT Limited completed its ninth Committee of Creditors meeting on February 10, 2026, where members made two key decisions: to begin commercial negotiations with Resolution Applicants and seek a 60-day extension of the CIRP period. The meeting was conducted via video conferencing under Resolution Professional Umesh Garg's supervision, marking significant progress in the company's insolvency resolution process.

*this image is generated using AI for illustrative purposes only.

JCT Limited has completed its ninth Committee of Creditors (CoC) meeting as part of its ongoing Corporate Insolvency Resolution Process (CIRP), with the committee making crucial decisions regarding the company's resolution pathway. The company informed BSE Limited about the meeting outcomes on February 13, 2026, in compliance with regulatory requirements.

Meeting Outcomes and Decisions

The Committee of Creditors meeting was successfully conducted with significant resolutions for the company's future:

Parameter:	Details
Meeting Number:	Ninth (09th)
Date Held:	Tuesday, February 10, 2026
Time:	04:00 PM
Format:	Video Conferencing
Key Decision 1:	Start commercial negotiations with Resolution Applicants
Key Decision 2:	Seek further extension of CIRP period by 60 days

Strategic Resolution Developments

The CoC members reached two pivotal decisions during the meeting. First, they approved the commencement of commercial negotiations with Resolution Applicants, marking a significant step forward in the resolution process. Second, the committee decided to seek an additional 60-day extension of the CIRP period, providing more time for comprehensive resolution discussions.

Resolution Process Leadership

The meeting was conducted under the supervision of Umesh Garg, who serves as the Resolution Professional for JCT Limited. Garg holds IBBI Registration Number IBBI/IPA-001/IP-P00135/2017-2018/10277 and digitally signed the communication to BSE on February 13, 2026.

Corporate Information and Compliance

JCT Limited, part of The Thapar Group, operates from its corporate office located at 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008. The company trades on BSE with scrip code 500223 and maintains its corporate website at www.jct.co.in . The notification was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting outcomes represent significant progress in the formal resolution process, with the Committee of Creditors taking decisive steps toward potential resolution while ensuring adequate time for thorough evaluation of proposals under the Insolvency and Bankruptcy Code framework.