Jyoti Structures Limited has informed the Exchange about Intimation on Direction from Hon ble National Company Law Appellate Tribunal, New Delhi Bench
JYOTISTRUC · price
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The National Company Law Appellate Tribunal (NCLAT) passed an order on May 26, 2026, allowing an appeal filed against a February 16, 2026 order from the National Company Law Tribunal (NCLT) Mumbai. The matter relates to the release/disbursal of non-fund-based (NFB) limits to the company. NCLAT has directed that Jyoti Structures can request banks to release NFB limits, and banks must respond within one month of receiving such requests. The company has also been granted liberty to revive its contempt application before NCLT if banks do not cooperate.
This is a positive development for Jyoti Structures as it removes a barrier to accessing non-fund-based banking limits, which are important for the company's operations. The favorable appellate order strengthens the company's position in dealing with its lenders.