JCT Limited Schedules Eighth Committee of Creditors Meeting for January 19, 2026

1 min read     Updated on 19 Jan 2026, 09:10 AM
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Overview

JCT Limited has scheduled its eighth Committee of Creditors meeting for January 19, 2026 at 3:00 PM at The Park Hotel, New Delhi, as part of its ongoing Corporate Insolvency Resolution Process. Resolution Professional Umesh Garg will oversee the proceedings, and the company has informed BSE Limited under regulatory compliance requirements.

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JCT Limited has announced its eighth Committee of Creditors (CoC) meeting as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of SEBI (LODR) 2015.

Meeting Details

The eighth CoC meeting has been scheduled with specific arrangements for stakeholder participation:

Parameter: Details
Meeting Date: Monday, January 19, 2026
Time: 3:00 PM
Venue: The Park Hotel, Parliament Street, New Delhi-110001
Meeting Type: Committee of Creditors (CoC)
Meeting Number: Eighth (8th)

Corporate Insolvency Process

JCT Limited is currently operating under the Corporate Insolvency Resolution Process, with Umesh Garg serving as the Resolution Professional. Garg holds IBBI Registration Number IBBI/IPA-001/IP-P00135/2017-2018/10277, indicating his authorization to oversee the insolvency proceedings.

The Committee of Creditors plays a crucial role in the insolvency resolution process, making key decisions regarding the corporate debtor's future. These meetings are essential for creditors to evaluate resolution plans and determine the best course of action for debt recovery.

Regulatory Compliance

The company has maintained transparency by promptly informing BSE Limited about the scheduled meeting. JCT Limited trades on BSE with scrip code 500223. The notification was digitally signed by Resolution Professional Umesh Garg on January 17, 2026, demonstrating adherence to regulatory requirements during the insolvency process.

JCT Limited operates from its corporate office located at 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008, and maintains its digital presence through www.jct.co.in .

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JCT Limited Issues Resolution Plan Request to Prospective Applicants Under CIRP Process

1 min read     Updated on 15 Dec 2025, 04:45 PM
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Reviewed by
Shriram SScanX News Team
Overview

JCT Limited, under Corporate Insolvency Resolution Process (CIRP), has distributed Request for Resolution Plan (RFRP) and Information Memorandum to qualified Prospective Resolution Applicants (PRAs) on December 12, 2025. The RFRP and Evaluation Matrix were approved by the Committee of Creditors. The final submission deadline for resolution plans is set for January 11, 2026. Resolution Professional Umesh Garg is overseeing the process.

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JCT Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has taken a crucial step forward in its resolution proceedings by issuing formal documentation to potential investors. The company announced that it has distributed Request for Resolution Plan (RFRP) and Information Memorandum to qualified Prospective Resolution Applicants (PRAs) on December 12, 2025.

Resolution Process Timeline

The company's Resolution Professional, Umesh Garg, confirmed that the RFRP and Evaluation Matrix were issued on December 12, 2025, following approval from the Committee of Creditors. The documentation has been distributed to PRAs whose names appear on the Final List of qualified applicants.

Process Parameter Details
RFRP Issue Date December 12, 2025
Submission Period 30 days
Final Submission Deadline January 11, 2026
Approval Authority Committee of Creditors

Documentation and Requirements

The comprehensive package provided to Prospective Resolution Applicants includes several key components designed to facilitate informed decision-making:

  • Request for Resolution Plan (RFRP): Formal invitation outlining submission requirements and process guidelines
  • Evaluation Matrix (EM): Approved criteria for assessing and comparing submitted resolution plans
  • Information Memorandum (IM): Detailed company information and financial data for due diligence purposes

All documentation has received formal approval from the Committee of Creditors, ensuring compliance with insolvency regulations and stakeholder requirements.

Corporate Details and Compliance

JCT Limited operates under the supervision of Resolution Professional Umesh Garg, who holds IBBI Registration Number IBBI/IPA-001/IP-P00135/2017-2018/10277. The company maintains its registered office at G.T. Road, Phagwara, District Kapurthala, Punjab 144401, with Corporate Identification Number L17117PB1946PLC004565.

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and market participants. The company's shares trade on BSE Limited under scrip code 500223.

This development represents a significant milestone in JCT Limited's insolvency resolution process, as the company moves closer to potentially finding a suitable resolution applicant to address creditor claims and potentially revive its operations.

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