Intimation on Direction from Hon''ble National Company Law Tribunal, New Delhi Bench
JYOTISTRUC · price
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Jyoti Structures Limited has received a favorable order from NCLAT, New Delhi Bench dated May 26, 2026. The appellate tribunal allowed the company's appeal against an earlier NCLT Mumbai order regarding release of non-fund-based (NFB) banking limits. Under the order, the company can now request disbursal of NFB limits from the appellant banks, and banks must respond within one month of receiving such request. The NCLAT has also granted the company liberty to revive its contempt application before NCLT if the banks' response is unsatisfactory.
Positive development for the company as it regains access to non-fund-based banking facilities, which are essential for its operational and financial flexibility. This favorable ruling removes a previously imposed restriction on banking services.