Intimation for Outcome of 9th CoC Meeting of JCT Limited held on Tuesday, 10th February, 2026
Awaiting price reaction for this filing.
JCT Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP), held its 9th meeting of the Committee of Creditors on February 10, 2026 via video conferencing. The CoC decided to commence commercial negotiations with the Resolution Applicants who have submitted bids to revive or acquire the company. Additionally, the CoC resolved to seek a further 60-day extension of the CIRP period, indicating that the resolution process is taking longer than initially envisaged. The communication was issued by the company's Resolution Professional, Umesh Garg, confirming the company remains under insolvency proceedings.
Shareholders remain in a wait-and-watch position as the insolvency resolution drags on longer; the 60-day extension request suggests delays in finalizing a viable revival or takeover plan, which could keep the stock under pressure and uncertain until a successful resolution applicant is approved and implemented.