In Consonance to intimation dated 14.012.2024.Please Find below the Link of the order dated 11.12.2024 pronuced by the Hon''ble NCLT ,Ahmedabad approving the resolution plan in the matter ....
Awaiting price reaction for this filing.
Jiya Eco-Products Ltd has shared the link to the NCLT Ahmedabad order dated 11.12.2024 that approved the company's resolution plan. This is a follow-up to the intimation made on 14.12.2024 under SEBI listing regulations. The company was the Corporate Debtor in the insolvency proceedings, meaning it underwent the Corporate Insolvency Resolution Process (CIRP). The approval of the resolution plan is a key milestone that allows the company to exit insolvency and resume normal operations.
This is a positive development for shareholders — NCLT approval of the resolution plan typically paves the way for revival, potential restructuring of debt, and resumption of business. However, the terms of the approved plan (including any equity dilution, change in management, or haircut for creditors) are not disclosed in this filing, so investors should review the order for full details.