Disclosure for constitution of Monitoring Committee and cessation of office of Resolution Professional as per the approved Resolution Plan.
Awaiting price reaction for this filing.
The NCLT Delhi Bench-III approved the Resolution Plan submitted by JTL Limited for RCI Industries & Technologies Limited on 9th October 2025. Following this approval, a 3-member Monitoring Committee has been set up to oversee implementation of the plan. The members are: Mr. Brijesh Singh Bhadauriya (former Resolution Professional, now Chairman), Mr. Amrender Kumar Yadav (representing JTL Limited, the successful resolution applicant), and Mr. Sachin Dev from Union Bank of India (representing the Committee of Creditors). Mr. Bhadauriya has stepped down as Resolution Professional and taken over as Chairman of the new Monitoring Committee.
This signals the successful exit from insolvency for RCI Industries & Technologies Limited, with JTL Limited's resolution plan now in the implementation phase. Shareholders should note that the company's revival and future direction will depend on how effectively the Monitoring Committee executes the approved plan.