Disclosure of NCLT Order dated 17.04.2025
Awaiting price reaction for this filing.
RCI Industries & Technologies Limited has filed an update regarding the ongoing insolvency resolution proceedings before NCLT New Delhi Bench-III. The matter, originally filed on 07 September 2024, was listed on 17 April 2025 and has now been adjourned to 07 May 2025 for further consideration. A Resolution Professional (Brijesh Singh Bhadauria) is handling the Corporate Insolvency Resolution Process (CIRP) on behalf of the company. No resolution plan has been approved yet, and the matter remains pending.
The company is still under CIRP with no approved resolution plan, meaning operational and financial uncertainty continues for shareholders. Investors should track the 07 May 2025 hearing closely as it may bring clarity on the revival or liquidation path.