Updates of Resolution Plan of Colour Roof India Limited
JSWSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Steel's wholly owned subsidiary, JSW Steel Coated Products Limited (JSWSCPL), has received a letter of intent on May 28, 2026, confirming that the Committee of Creditors (CoC) of Colour Roof India Limited (the Corporate Debtor) has approved JSWSCPL's resolution plan along with an addendum submitted on May 13, 2026. This follows an NCLT order from April 13, 2026, which had directed that revised financial plans be filed by the erstwhile promoter and other resolution applicants. JSWSCPL continues as the successful resolution applicant. The implementation remains subject to final approval from the National Company Law Tribunal, Mumbai Bench.
This is a positive development as JSWSCPL has retained its status as the successful resolution applicant. Final NCLT approval is still pending before the resolution plan can be implemented.