Intimation for Outcome of 11th and 12th Meeting of Committee of Creditors
Awaiting price reaction for this filing.
JCT Limited, currently under the Corporate Insolvency Resolution Process (CIRP), informed the stock exchange about two recent meetings of the Committee of Creditors (CoC). The 11th CoC meeting held on March 7, 2026 had no material discussion. In the 12th meeting held on March 10, 2026, the second round of commercial negotiations took place between CoC members and the Resolution Applicants. The filing was signed by the appointed Resolution Professional, Umesh Garg, confirming the company remains in active insolvency proceedings.
No new resolution or approval has been announced — the company is still navigating the insolvency process with ongoing negotiations. Shareholders should note that until a resolution plan is approved, equity holders typically face uncertainty and potential dilution or loss of value depending on the final plan terms.