Disclosure regarding listing of the Resolution Plan application for pronouncement of final order by Hon''ble NCLT.
Awaiting price reaction for this filing.
JTL Defence Ltd has disclosed that the NCLT New Delhi Bench-III will list the application for approval of its Resolution Plan for RCI Industries & Technologies Ltd on 9th October 2025 for pronouncement of the final order. The matter had previously been heard and reserved for order on 31st July 2025, and is now being placed before the regular bench. The application (No. A 51 of 2024) relates to the Corporate Insolvency Resolution Process (CIRP) of RCI Industries, which has been underway since September 2024. JTL Defence Ltd is the resolution applicant seeking to acquire or revive RCI Industries under the insolvency framework. The order on 9th October will decide whether the resolution plan is approved.
For JTL Defence shareholders, this is a make-or-break event — NCLT approval of the resolution plan would unlock the acquisition/turnaround of RCI Industries, while rejection would mean the investment does not proceed. Expect sharp stock price movement around the 9th October hearing as the final outcome is announced.