Jyoti Structures Limited has informed the Exchange about Intimation regarding appeal filed by lenders before NCLAT in contempt proceedings relating to disbursement of NFB limits.
JYOTISTRUC · price
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Jyoti Structures has informed the stock exchanges that its lenders have filed an appeal before the National Company Law Appellate Tribunal (NCLAT). The appeal is against an NCLT order dated February 16, 2026 in a contempt matter concerning the disbursement and restoration of the company's Non-Fund Based (NFB) limits (such as bank guarantees and letters of credit). This is a continuation of earlier disclosures, with the matter now pending before NCLAT. The development highlights ongoing legal friction between the company and its lenders over working-capital-related banking facilities.
This signals continued financial and legal stress for the company, as lenders are actively contesting an NCLT decision that may have been favorable to Jyoti Structures. For shareholders, the outcome of the NCLAT appeal could affect the company's access to non-fund based credit, which is essential for executing orders, and may increase uncertainty around the company's operations and recovery prospects.