Disclosure of NCLT Order dated 17.04.2025
Awaiting price reaction for this filing.
JTL Defence Ltd has filed a disclosure under the Corporate Insolvency Resolution Process (CIRP) regulations regarding a matter involving RCI Industries & Technologies Limited. The Resolution Plan matter, originally filed with NCLT New Delhi Bench-III on 7th September 2024, was listed for hearing on 17th April 2025. The next date of hearing has been scheduled for 6th May 2025. The disclosure is signed by the appointed Resolution Professional, Brijesh Singh Bhadauria (IBBI Registration: IBBI/IPA-002/IPN01045/2020-2021/13385), confirming that CIRP proceedings for RCI Industries are ongoing. No order on the Resolution Plan has been passed as of this disclosure, and the matter remains pending consideration.
Shareholders should note that insolvency proceedings against RCI Industries & Technologies Limited are still active, with the Resolution Plan yet to be approved. Since JTL Defence Ltd is filing this disclosure, there may be a financial or operational linkage between the two companies, and the outcome of the 6th May hearing could materially affect JTL Defence depending on its exposure to RCI Industries.