Updates of Resolution Plan of Colour Roof India Limited
JSWSTEEL · price
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JSW Steel's wholly-owned subsidiary JSW Steel Coated Products Limited (JSWSCPL) has been confirmed as the successful resolution applicant for Colour Roof India Limited, an insolvent company under NCLT process. The Committee of Creditors approved JSWSCPL's resolution plan on May 28, 2026, following submission of a revised financial plan on May 13, 2026. This comes after NCLT allowed revised plans from other applicants in April 2026. The final implementation of the resolution plan is still subject to NCLT Mumbai approval.
Positive development for JSW Steel as its subsidiary moves closer to acquiring Colour Roof India Limited through the insolvency resolution process. The CoC approval represents a significant milestone, though final NCLT approval remains pending before the acquisition is completed.