JCT Limited CoC Meeting Concludes with Key Decisions on Resolution Process

1 min read     Updated on 13 Feb 2026, 05:23 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
32015129

*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.

like20
dislike

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

1 min read     Updated on 19 Jan 2026, 09:10 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
30339622

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

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 .

like19
dislike

More News on